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Hi, Sally, Yes, this is widely known by anyone who
follows regional economic development policy. Essentially, states, cities and
regions compete for new businesses, like Wal-Mart stores. But the competition
is for all kinds of business, from R&D facilities, to warehouses, to
private schools, to housing developments, etc. The subsidies have to do primarily with
tax rebates and infrastructural support. Sometimes zoning exceptions are
involved. The essential idea is that the communities in which the new
businesses locate are benefited by the new businesses and the region recoups
its investment in the form of eventual taxes, services to the community,
attraction of secondary businesses and economic activity, etc. This is
particularly true of economically depressed areas, but my impression is that
just about every locality competes in this way. Some do it in very fancy ways:
brochures, promotional tours by local government and business leaders, expense-paid
visits by prospective businesses, etc. Cheers, Lawry From:
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I thought
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