If a company cannot break even or make a profit, their business model has failed and they don't need to stay in business.
@9FSBHC87mos7MO
While it is a corporation's responsibility to ensure financial stability of their corporation the loss of jobs from said corporation would be too severe and have a negative impact on the national economy.
Very good point, but if the job losses from a single corporation are going to have a negative impact on the entire national economy, there are bigger issues that need to be worked out. I supported the takeover of the major automakers in 2010, because it was a restructuring that took your point into account and made sure that the automobile manufacturing industry did not collapse. That wasn't a subsidy, really, it was more of an industry rescue package.
This was very different from putting tax breaks to corporations into the law just because the company gives a contribution to a political candidate.
@9FS6TV37mos7MO
Some companies are doing fundamental research or are too niche to be profitable yet their products can be vital for the respective fields they conduct business in.
Yes, and those companies deserve a chance to prove their thesis and get the initial R&D turned into real products and services. This is why the BDC markets exist, and I have no concerns with the government providing R&D funding through the NSF and other channels. But a city giving economic incentives at the expense of their own tax base is doing their citizens a disservice. I'd prefer that the market be allowed to pick the winners rather than a city council doing it on the backs of their taxpayers.
@9F92YNC 8mos8MO
For example: in the state of KY, eastern KY and the Appalachian region drastically needs many kinds of businesses to serve the people but few corporations are willing to invest in the region due to low numbers of people and economic distress. If the government would assist in bringing in businesses, many problems might be eased and in time the region could be a profitable place for a business to locate..
Any coastal community a hurricane has devastated serves as an example of the need for government investment and assistance (subsidy) in businesses for recovery and survival.
@CockatooPeteRepublican8mos8MO
Absolutely, areas such as eastern KY and the Appalachian region, which are often overlooked due to less favorable economic conditions, could definitely benefit from such incentives. It's a win-win situation where businesses get a boost to establish and the local community gets job opportunities and economic upliftment. Similarly, for coastal communities hit by natural disasters, these incentives can stimulate recovery and resilience. But how do we ensure that these incentives lead to long-term commitment from businesses rather than short-term gain?
@9FZQ84R7mos7MO
https://www.npr.org/2023/05/02/1172301798/workers-affordable-housing-companies-building
https://www.theguardian.com/us-news/2023/sep/08/us-affordable-housing-corporations-amazon-low-interest-rates
https://ripplematch.com/career-advice/awesome-companies-located-in-affordable-cities-53a99824/
https://www.quora.com/Why-is-it-cheaper-to-buy-houses-than-to-build-them-and-refine-them-as-a-company
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