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Originally Posted by Sooner or later
I know they have some tax incentives. It can make sense to do so.
If they give 10 million in incentives, but is grows the tax base of new business by 50 million it is a good move.
We have a Goodyear plant in Lawton. About 2500 high paid employees. Another 1000 or so is support business. Over the last 40 years the state and city has given Goodyear about 100 million in tax incentives for expansions to over 60,000 tires a day. The local and state revenue stream has grown by the billions because of the plant.
Tulsa offered Tesla big incentives in an attempt to get the pick up truck plant. They lost this round but you can be sure they will do the same for any huge job creating opportunity that comes a knocking.
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I understand incentives. Tinker leases the old GM plant from the City of OKC for a dollar per year, but brings in a ton of support businesses and good jobs. Tinker brings more great jobs to OKC metro and Midwest City than can be imagined by most residents. Tinker does not pay any property taxes and I am fine with that.
I just bet almost no one really know what sort of incentives a 5 billion dollar deal received.
The same thing happens with Wal Mart all the time. They talk to a city and to build a giant super center with a zillion dollars in sales taxes but Wal Mart demands huge road improvements by the city and if the city does not jump when they want, Wal Mart will close down the store, and move just outside the city, and deal with the county or a different city. The sales tax dollars go away, but the road upgrades are paid for by the city taxpayers for decades.