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?