"The Kansas House moved forward with legislation Tuesday requiring the Kansas Department of Commerce and state legislative auditors to bring an unprecedented level of transparency to income and property tax breaks awarded to businesses to recruit and retain jobs." Said Tim Carpenter of Dodge CIty Daily Globe. This is fantastic news in the tax incentive realm. The bill will mandate the commerce departments to publicly provide detailed information regarding large incentive programs. This will create a checks and balances with allocations of state funds and tax payer dollars. Full article below.
Concerns were raised last week when news outlets reported Foxconn was planning to scale back or suspend the manufacturing plant in Racine county. Foxconn did confirm last Friday those were false allegations. However, the startle refueled the debate on their incentive package and it's long term benefits, or lack there of, to Wisconsin. "This $4 billion tax break package is one of the largest corporate attraction packages in US history as measured by jobs" The heart of the debate is whether or not the jobs that Foxconn committed to creating, will still exist after the subsidy package expires. This is why ENJEN takes pride in fixing the disproportionate allocation of government funds. Providing everyday companies the same opportunity as the Amazons, Boeings, and Foxconns of the world. When the "everyday" companies receive these benefits this is contributing to organic job growth. ENJEN helps companies grow and ultimately create jobs that will not disappear when the metaphorical well of incentives runs dry. Full article below.
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