Jul 26, 2018
Cities need to stop selling out to big tech companies. There’s a better way
Posted by Derick Lee in category: education
Giant technology companies in the US, which include some of the world’s most profitable firms, have been pledged at least $9.3bn in state and local subsidies over the last five years – much of it coming from the coffers of cities and states with failing infrastructure, struggling schools and broken budgets.
Fostering local hi-tech success doesn’t have to mean offering huge tax breaks to companies like Apple and Amazon. Here are some alternative strategies.