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Would you say that your city and/or state goes out of its way to attract businesses that provide people with decent paying jobs? Do your politicians try to provide industries with special tax breaks or deals, or do they just sit on their hands when any new business presents itself?
Guess I'd have to say pro- for here in MN. In February, the mayor of Duluth jumped into the frozen waters of Lake Superior in his city's bid to attract a new Google facility.
Statistically, Minnesota is regarded as an "exit state" meaning more companies leave than come here. Not quite as bad as California or Michigan, but it's chasing it. Jumping in Superior is ballsy, but investors looking into investing in a new business look at tax rates, regulation levels and then some less quantifiable elements like collaboration and corporate culture. The new Minnesota Angel tax credit should help some, though.
Suspect overall income tax burden for businesses and individuals reveals much
But low taxes and costs aren't sufficient to attract many of the most lucrative industries like tech or finance or energy, which have lots of highest-income jobs and wealthy entrepreneurs
Many cos. need to be based in locales where educated professionals (incl many w/families and some younger yuppies) enjoy living...so need high QOL in terms of short drives to office, competent public/private schools, healthy food/fresh produce, reasonable air quality/weather/topography, etc
Suspect suburban Dallas and Houston are most business-friendly regions in US today
But though CA is anti-business and has abusive taxes (only NYC is more anti-business and has worse taxes), SiliconValley has more $100Bn+ mkt cap corporate HQs than any region in world (NYC/CT/NJ region is a distant second, though has >3X population of SV)
And many of newest tech start-ups like facebook keep forming in high-tax, high-cost SV region, creating more new high-income jobs...and wealth for founders and VCs when cos. are sold to BigTech or IPO
Seems to me TX, NC, and VA seem be doing a pretty good job
PA not so much
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