Poll: Is it right for states to poach companies with tax breaks?
Global staffing company Adecco stands to reap economic concessions worth about $2 million, or more than $10,000 per job, by moving 185 positions from Melville to its new North American headquarters in Jacksonville, Fla., according to government officials and documents. Credit: Ed Betz
Is it right for states to woo companies away with tax breaks?
This week, Florida officials said they're spending $2 million in tax and economic concessions to woo Adecco's North American headquarters -- and 185 jobs -- from Melville to Jacksonville. That's more than $10,000 per job.
While Adecco did not seek tax breaks from Suffolk County before deciding to move, often, companies play states or counties against each other to get the best deal.
What do you think? Is it right for states to poach companies by dangling economic incentives? Vote and leave a comment. Results and a selection of comments will appear in next Sunday's business section.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
