Good point(s)...
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My points are better than the "state" needs to do this to compete. The "state" doesn't give me anything and doesn't give any non government worker/non government business much of anything either.
The "State" just wants to keep their friends/family/political groups going at our expense.
It depends on the big picture and what is offered.
Let's say you have a computer shop and you employ 30 people...
Now let's say some mega-chain computer company is looking to setup shop somewhere in the northeast and is considering buffalo. Is it fair to give them a tax break that you don't receive? Of course not. But let's say this big company would employ 1,000 people. Is it fair to you if we give them a tax break? Still, no. But would it help our economy?
Hell yes.
But past history shows this doesn't happen often. It happens so far and few between that they don't even have claw backs they enforce. So right now it's just a program to get a lower cost of doing business for the politically connected and developers who profit off of it.
IT doesn't help "our" economy. IT's enabling government spending to continue. It's not correcting the main issue that is hurting our economy... over spending by the people who worked to get elected to get their hands into the tax payers revenue stream. Get in and cash out.
You're probably right about that. So instead of getting rid of the IDA's (and still not getting any new businesses), maybe we should fix how the IDA's function?
with your assessment. I also do agree with WNY res that with the original intent on IDA's it was to lure businesses from out of state. Add it up you are right, if we continue to give too much, where will it stop.
Therising is out of touch with reality, if IDA's worked here in WNY, why are we the 4th poorest in the country?
My grip is tax abatement for doctors offices, senior housing, small airports, local projects. Also it is wrong to give tax abatements to lure businesses from Hamburg to Tonawanda..
All these projects would happen no matter what.
Yes.. I believe we can give those incentives to attract them from out of state or out of the country..
I haven't really thought this through yet, but I'm ok with some sort of help for companies already established here IF they will add substantial jobs (or in some instances, job retention), but not to the extent they now seem to get and certainly not to move from one local town to the other. Looking at the ECIDA site, it looks like all projects get pretty much the same mortage filing fee, sales and property tax abatements. That needs reforming. More low cost loans, ok, SOME property or sales tax help, ok, but not total abatement like they seem to get under the current setup. Out of towners should definitely get higher bennies to help draw them in and offset the higher cost of doing business in NYS (yes, that should change but chances of that changing is about slim to none IMO)
Various out of towners not all. No local business needs an out of towner opening up here with an unfair tax advantage to skim their business away.
When you give incentives to a large manufacturing company to move in they are really not competing locally with established businesses.
Example... bass pro will compete with local fishing bait/tackle shops..it's retail... delphi on the other hand really doesn't complete with too many people here at all... thier parts are shipped all over the place.
YOu know exactly what I have been stating over the years here...
No one should get a tax break at all... either we all get it or no one does...
I always said if you can pull a real manufacturing company from out of state I could see that. TO pull a bass pro to create part time retail jobs while competing against local guys is stupid.