Kansas is digging a $1 billion mystery hole. What could go wrong?
It’s the biggest financial incentive package in state history.
Yet we don’t know the name of the firm lawmakers have decided to woo with this unprecedented and risky deal,
which would provide the mystery company at least $1 billion in tax breaks, payroll subsidy, state-funded employee
training and other incentives. The sheer size of the offer and the secrecy surrounding it are red flags for experts,
but it has bipartisan support from Democratic Gov. Laura Kelly and the state’s GOP-controlled Legislature.
Watching the deal unfold left me with a queasy feeling in my gut.
It also has me thinking of a big hole in the ground out in western Kansas that promised to be an economic miracle
for a struggling community but which turned out to be just a wicked big hole in the ground.
Have you been to the Big Well?
Entire article here, no paywall
https://kansasreflector.com/2022/02/13/kansas-is-digging-a-1-billion-mystery-hole-what-could-go-wrong/
I don't like the sound of "payroll subsidy", are my taxes going to be paying their employee's wages???
Whatever this company is I'm guessing it'll go in the Wichita or Kansas City area because of the number
of people they expect to hire.
= new reply since forum marked as read
plus when all their incentives & tax breaks run out they pit other cities/states against each other
and repeat the process.
