State and local governments love giving out taxpayer money so private companies will choose to do business there instead of someplace else. Each U.S. state has some form of an economic development agency whose primary purpose is to incentivize companies to set up shop within the state or to keep them from leaving.
A new report by economic development watchdog Good Jobs First finds that New York's agencies are specifically incentivized to give out as much taxpayer money as possible, in order to pad their own bottom lines.
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