How much would you pay to bring a new job to your community?
If you are Mississippi County, Arkansas, the answer is $6,667. From an economic developer’s perspective, that’s not a bad deal if one considers that the property tax alone that a worker would pay on his or her residence would equal that amount in less than 10 years. I’ve seen cases of over $100,000 per job being given to companies to locate to an area. Economic development incentives generate lots of discussion, but have become standard practice it seems.
Meanwhile, back to the question. How much would your community pay? The answer, of course, depends on the type of job and many other factors. But why wait until there is a prospect to have the discussion?