Recently the city offered a piece of real estate, valued at $750k, to the company next door...for free. The conditions require the technology company to hire 100 employees at an average salary of $40k over the next five years. Currently the company employs less than 60 people. The property is a little used parking lot owned by the city.
Here's the problem; there is an abundance of available, privately owned, commercial space available in the city. It is one thing for a government to offer tax breaks, but to offer the actual product in direct competition with the private sector...well, I can't help but wonder if this is the beginning of the end of the free-market-private-enterprise system as we know it.
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