Incentives are risky, but so is not making the attempt

I saw the state gave Baxter International something like $5 million in incentives to expand its plant in Lee County and potentially create 200 new jobs. That seems like a lot of money for that number of jobs, is it?

From what I understand, the incentive package is chockablock full of, well, incentives. The company gets $1 million when it adds 100 jobs, and another $1 million for the next 100. After that, the incentives scale down as the company grows, but the fact remains: the state is willing to pay Baxter to hire folks, and if it doesn’t, the state really isn’t on the hook for all that much.

As previously published in the Montgomery Advertiser August 22nd – Read Full Article

 

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