A CAMBRIDGE COMPANY, Education First, is a big winner in the race for state business tax credits. The privately owned Swedish company now occupies two buildings (and, thanks to its tax credit, will soon occupy three) in the city’s redeveloped NorthPoint area abutting Charlestown and East Somerville. Of the $15 million in economic development incentive(...)
Bonehead move, or smart money-saving strategy?
LEAF THROUGH THE LIST of recipients of Massachusetts film tax credits and one name comes up year after year: the Connecticut Lottery. One might think the lottery, created by the state of Connecticut, would want to do business as much as possible with companies in Connecticut. In a way, that’s the whole point of the(...)
State subsidies -- an expensive mistake -- have marginal economic impact
This opinion piece has been corrected in several spots (headline and story) to reflect the fact that $1 billion has not been spent by the Massachusetts Life Science Center. Only $650 million has been spent so far, which would significantly reduce the estimated cost per job HERE WE GO again. Government giveaways to industries will benefit(...)
Boston and the entire state is puffing out its collective chest just a little bit more this morning with the announcement that General Electric is moving its worldwide headquarters to the Seaport District this summer. And all it took was money. Lots and lots of money. Potentially as much as $145 million in tax credits, grants, and infrastructure(...)