States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects
The subsidy offers are generally embraced by politicians from both major parties and the business elite, who point to promises of hundreds or thousands of jobs, massive investments in construction and equipment, and what they contend are immeasurable trickle-down benefits.
The mounting cost of competing for the projects hasn't dissuaded states from trying. On the contrary, they're clambering to outdo each other. Jabbing a finger in the air, he brought the room to a standing ovation, saying: ”It’s time to compete again here in Pennsylvania!”are advancing legislation that would marshal $200 million in subsidies and loosen decades-old protections against urban sprawl.
“The money the state is putting up is so large that certain companies can’t afford not to look at it,” Sheehy said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Washington State man arrested in massive ‘swatting’ case across 11 states and CanadaA Bremerton, Washington, man was taken into custody Thursday for placing 20 swatting calls, altering people of fake emergencies in 11 states as well as Canada.
Read more »
Washington state man arrested in ‘swatting’ case across 11 states, CanadaSwatting involves placing bogus reports of an emergency that would require the intervention of a police SWAT team. Swatting examples are calling about a violent crime taking place and claiming that explosives will be detonated.
Read more »
Democratic Senators From 4 States, Including NJ, Ask NOAA to Address Whale DeathsDemocratic U.S. Senators from four states -- including both New Jersey senators -- want federal environmental officials to address a spate of whale deaths on both coasts, urging “transparency and timeliness” in releasing information about whale deaths and their causes.
Read more »
Texas has a shorter life expectancy than most states, new CDC data revealsLife expectancy in Texas is lower than the majority of other states, according to CDC...
Read more »
Intense, widespread severe weather outbreak with strong tornadoes could impact 20 states in central US FridaySeveral tornadoes, destructive wind gusts and large hail are all significant threats from Friday afternoon into the overnight hours. According to the FOX Forecast Center, some twisters could be long-track, EF-2 or stronger tornadoes.
Read more »
How can some states ‘afford’ to charge little or no income taxes?Low-tax states get $1.07 in federal funding vs. every $1 in U.S. income taxes paid vs. 86 cents coming from the feds in high-tax states.
Read more »