History Casts Doubt on the Strategies Cities Use to Attract Big Retailers ...Middle East

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The city of Cedar Falls, Iowa, recently gifted Amazon—one of the world’s largest corporations—free land and a multi-year tax abatement to build a 50,000-square-feet distribution center. This is nothing new. For decades now, U.S. municipalities and states have given America’s largest retailers billions of taxpayer funds, in the name of creating jobs. City officials frequently calculate that such deals will generate new job opportunities and, eventually, increase property tax sources. But these arrangements also generate unseen and unanticipated costs. [time-brightcove not-tgx=”true”] The retail industry has long benefited from government support. In the early 20th century, for ins

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History Casts Doubt on the Strategies Cities Use to Attract Big Retailers ...Middle East

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