Your tax dollars at work
In New York, it seems, nobody wants to build anything, or rebuild anything, unless they get grants, loans or tax forgiveness from the government.
From today's Buffalo News Business Today section:
- Developers in a snit over AM&A's plan - Jonathan D. Epstein/The Buffalo News
Downtown real estate developers are objecting to an effort by Rocco R. Termini to get a low-interest state loan to redevelop the dormant AM&A's building on Main Street in Buffalo into a hotel, residences and offices.
The developers say the loan would amount to a government subsidy or "taxpayer handout" for Termini and the AM&A's project, which would then compete with their own projects for new tenants in a market that already has excess vacant space.
Termini's plan has even created a rare spat among the directors of Buffalo Place, who have been asked to consider a resolution endorsing the loan request. Many of the directors are Termini's rivals.
The Buffalo Place board met this morning. A story on the fireworks will be filed this morning on BuffaloNews.com.
- IDAs seek revised incentive policy - Matt Glynn/The Buffalo News
Business projects that make an exceptional impact on the region’s economy would receive a higher level of financial incentives from any one of Erie County’s six industrial development agencies, under policy changes proposed by those agencies.
Wait. Did I say "In New York." Strike that.
- Lawmakers hear debate on value of state's tax incentives - The Denver Post
- Biotech Handouts Are A Risky Strategy - Hartford Courant
- Pfizer could lose $7 million in tax breaks - St. Louis Business Journal
- State OKs new tax incentives to keep GM in RenCen - The Detroit News
- Association wants tax incentives to remain - Fiji Village
- State, county entice Talecris - The Herald of Johnston County, N.C.
And, from a newspaper whose name seems particularly appropriate for today's topic:
- Memphis City Council OKs tax incentives to keep companies here, retain jobs - The Commercial Appeal
-- George Pyle/The Buffalo News
