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.
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