May 22, 2015
States take back some economic incentives
Businesses that don't make good on promised jobs are seeing their benefits suspended.
by Gigi Douban
The state of Missouri recently suspended its incentives program for IBM after the company reported layoffs at a new center it had opened in Columbia. The state said IBM didn’t make good on its promise to maintain at least 500 jobs there. Other states are also taking a hard look at economic incentives they granted to businesses to relocate or open new facilities.