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Old 06-19-2012, 06:12 PM
3,966 posts, read 10,796,748 times
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In rare move, latest economic development victory didn't require incentives *| ajc.com

State Farm's announcement last week that it was bringing at least 500 new jobs to metro Atlanta was surprising enough. But perhaps even more stunning was that it didn't involve any economic development incentives.

Georgia's string of recent successes in economic development has been greased partly by doling out huge taxpayer-funded incentives to businesses looking to grow. But, every so often, a firm plotting a major expansion purposely avoids the public hand-out.

That's what happened with State Farm. Georgia officials said they hypothetically could have spent millions of dollars in tax breaks and other incentives in an effort to convince the company to expand. The company declined to comment on exactly why it chose to potentially leave money on the table.

"State Farmís decision was driven solely by how we can best serve our customers," said company spokesman Justin Tomczak.
Read the whole article -- it is interesting.
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Old 06-19-2012, 07:07 PM
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Maybe it doesn't want to be on the hook if all of the jobs don't materialize within a certain timeframe.
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