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Commentary: Subsidizing companies is problematic for city growth
Nathan Jensen, For the Express-News
Feb. 22, 2021
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If the city of Austin and Travis County consider grant Samsung taxpayer incentives, they’ll be violating the very spirit of the hard reforms they’ve made to limit cash handouts to large corporations.Ralph Barrera /Associated PressShow MoreShow Less
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State programs such as the Texas Enterprise Fund have been willing to bend the rules for major companies. And many cities across the state don’t even list the incentives they have given to companies.Jay Janner /Austin American-StatesmanShow MoreShow Less
Already a major presence in the Austin area, Samsung has invested billions and received millions of economic development incentives through grants and tax abatements. The company is now reportedly seeking another $1 billion in taxpayer-backed incentives for its potential new $17 billion investment in Austin to build a factory that