There was an interesting article in the online magazine version of Area Development. The gist of the article, highlighted below, is that tax incentives are still important and that other top financial considerations include labor costs, state and local tax rates and the utility costs (not just electricity and natural gas, but also water an and sanitary sewer rates. In the article, Dean Uminski, principal at Crowe Horwath LLP in Indiana, said “When a large company is preparing for a significant investment and creating new jobs, it typically will create a cross-state comparative analysis that examines labor costs, tax costs, utility costs, incentives, and building costs. (underlining added by this writer).
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