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Cities counties take back corporate tax breaks
Cash strapped communities revoke abatements when companies miss job promises or lay off workers. DeKalb Illinois targets Target after 66 fewer jobs than pledged triggering a near 600000 tax bill increase. Provisions demand refunds if employment falls below set thresholds, signaling tougher oversight of corporate incentives nationwide.
MENTIONED IN THIS ARTICLE
Chicago
Brendon Gallagher
DeKalb, Ill
Target Corp
Target
United States
Washington, D.C
Geoff McKimm
Monroe County
Mexico
Amy Gerstman
Texas
Texas Enterprise Fund
Governor’s Office