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City incentives for big companies seen a failed development strategy

Ms Schaefer, who owns a dozen hardware stores in the Washington area, says her tax dollars could be flowing to one of her most daunting competitors.

New York 

WHEN New Jersey announced a US$7 billion package of tax incentives to try to lure Amazon's second headquarters to Newark, local officials saw a chance to jump-start a city that has long struggled with poverty and joblessness.

Many economists, however, saw something else:...

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