Pittsburgh agency might offer new business breaks - Pittsburgh Tribune-Review The Urban Redevelopment Authority is poised to clear the way for new tax breaks to businesses by revising old incentives drafted during Mayor Tom Murphy's administration.No new TIFs. No old TIFs. No TIFs at all. I am not in favor of any TIFs. Pittsburgh needs some time to heal from all of the goofy deals it has hatched. Most have never paid off as promised.
Thursday, August 09, 2007
Pittsburgh agency might offer new business breaks - Pittsburgh Tribune-Review
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I'm not sure if it was a TIF, but the tax breaks granted to American Eagle's new Southside Works development stipulated that the company create X number of new jobs over X number of years. AE is a company that hires a lot of its talent from outside the region. This is, in my opinion, a good use of tax incentives since it brings new people to the region.
I do not agree.
Gotta run, but I'll post more about it later.
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