Saturday, January 2, 2010

Cities, counties take back tax breaks they gave companies that broke promises to create jobs

 

In Illinois, the number of companies from which the state sought to "recapture" incentive money has steadily climbed, from six in 2005 to a total of 37 by 2008.

St. Louis County, officials have told Pfizer Inc. that if it cuts 600 jobs, as planned, they'll rethink the $7 million in tax breaks they promised to give the drugmaker for the next 10 years.

Cities, counties take back tax breaks they gave companies that broke promises to create jobs - WXIN

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