Flutterby™! : The cost of corporate incentives

CityLab: The Real Cost of Luring Big Companies to Town:

New research from Timothy J. Bartik, an economist at the W. E. Upjohn Institute, suggests that while incentives do indeed have benefits for local economic development in the short term, negative effects begin compounding as soon as 22 years into an agreement. It’s public education that suffers most drastically from budgetary reshuffling; and vulnerable low-income populations that are afforded the smallest gains.

But, of course, 22 years is long enough that the politicians who sold out their communities have received the accolades for the long-term costs.