Friday, August 25, 2017

Iowa provides Apple with $200 million in incentives for 50 jobs

States continue to play a desperate and crazy game of "Can You Top This?"  At taxpayers' expense.

Reported in Apple's billion-dollar data center 'puts Iowa on world stage'.  (Des Moines Register, 8/24/2017)

Let's take a cursory look at the numbers.

Iowa.  $213,000,000 in incentives divided by 50 jobs = $4,260,000 per job.

Wisconsin.  $3,000,000,000 in incentives (mostly annual cash payments) divided 13,000 jobs (discounting Scott Walker's ongoing inflation) = $230,769 per job.

Do you really think your state can afford that stage, Kim?

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