Tuesday, October 23, 2007

The City of Austin is doling out $117 million in publicly financed incentives to attract a select few businesses to the mushrooming metropolis, but many businesses are flocking to the city without the benefit of taxpayer-funded handouts. An analysis of the city's seven economic development incentive deals shows that the costs of these incentives often outweigh the city's optimistic estimates of their long-term benefits.

Read the report