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Investigative Post: Analyzing the Money Spent to Bring Alita to Buffalo

5:46 PM, Sep 11, 2013   |    comments
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Jim Heaney, Editor, www.InvestigativePost.org

Anyone who has followed my work the past dozen years knows I am not a fan of economic development subsidies. And the deal announced Tuesday of a manufacturing plant involves a lot of public money - some $25.9 million over the next decade in grants, tax breaks and power discounts.

That works out to nearly $151,000 per job, which ranks this as one of the region's richest subsidy deals ever. It's not the obscene $2.1 million per job subsidy awarded a few years back to Yahoo's data center in Lockport. But it's more than all but a handful of deals that have come down the pike in the time I've been reporting on economic development.

For more analysis on the deal to bring Alita to Buffalo, log onto the Investigative Post site.

Investigative Post

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