Tax Incentives for Business Development
Summary
Altoona just approved tax breaks to convince a Wisconsin company to build a new plant there. The pitch is more jobs and local growth, but the city is giving up some tax money to make it happen.
At a glance
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Impact analysis
The city is forgoing some tax revenue now to try to land a plant and jobs later.
The Wisconsin company, future workers, and local suppliers or contractors could benefit if the plant comes to town.
No groups are directly named as harmed, but the incentives could mean less tax revenue for public services or a shifted burden onto other taxpayers.
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