Quote:
Originally Posted by BlueStreak
This has happened across the country, Noone. For a time we even had states building industrial buildings at taxpayer expense and offering to let businesses use them rent free, on top of tax incentives----to no avail. It was a complete waste of huge sums of money.
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What you speak of is true of course. This is a big part of the political system we have. Businesses are granted sweetheart deals and kick backs fly right back.
However I have seldom heard of enterprise zones reverting back to non enterprise zones. This is what I requested a link to learn about.
Out here in NJ, the same urban enterprise zones enjoy the same sales tax break which really only benefit the new construction on the outskirts of the city. They never drive new business to the really blighted parts of town.