And that's why cities have the fiscal problems they do.
IKEA was given just under 2 million in tax incentives to locate in Fishers, Indiana. A small town where I used to live.
The amount of money and development it has brought to that area is exponential, compared to the tax incentives.
Amazon is one of the largest companies in the world. Wherever it settles, its stock isn't going down soon.
2 million dollars. For Ikea. It would be amazing if Ikea came to Peoria. But it wouldn't happen without tax breaks.
Angie's List was given 8.5 million to locate in Indianapolis.
No large business will come to a city without an incentive. Yet look how little it took to land IKEA and Angie's List in their locations.
Bezos could have gotten much bigger tax breaks, as I listed before. It's impressive that they were willing to take only 3 billion when Newark was going to give them 7 billion.