From Robert Whitcomb’s “Digital Diary,’’ in GoLocal24.com
Massachusetts is making back the $87 million that it spent on Boston property connected with General Electric’s headquarters move there – plus $11 million in profit, helped by the city’s booming economy. (GE, however, has not been booming.) Also, the company has not taken the $25 million in tax breaks offered by Boston. GE will remain in the Seaport District, but with a considerably smaller footprint than foreseen when the company decided to move its headquarters from Connecticut.
So some government incentives to lure companies work out okay. That especially when you’ve got a highly competent governor such as Bay State Republican Gov. Charlie Baker and Boston’s able Democratic Mayor Marty Walsh who craft careful offers to protect taxpayers