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City incentives for big companies seen a failed development strategy
Add BT as a preferred sourcePublished Sun, Jan 28, 2018 · 09:50 PM
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: a failed development strategy that they had hoped was falling out of favour.
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