Business incentives must be fair, balanced, transparent

An editorial from The Exponent Telegram

CLARKSBURG, W.Va. — On Friday, Procter & Gamble broke ground on a $500 million manufacturing plant near Martinsburg that is expected to employ up to 700 people.

It is exciting news for West Virginia, as competition for factories that employ that many people is fierce.

The development has state leaders rightfully extolling the virtues of doing business in the Mountain State, as Martinsburg was chosen out of about 70 locations in the eastern part of the country.

To sweeten the deal, the state agreed to pay $8.5 million for road and utility development. And there are believed to be other incentives, although economic development officials aren’t overly talkative about deals cut with businesses.

“I would argue that, regardless of the company, we have some responsibility,” state Commerce Secretary Keith Burdette told the Charleston Gazette-Mail.

“I don’t expect them to build a road to their plant. I don’t expect them to build utilities for their plant. I think that is the state’s responsibility, and we stepped up and said we would make sure all that is taken care of,” Burdette said.

In light of the number of good-paying jobs expected to be created, that is understandable.

But there are times when the state’s tax incentive programs don’t pan out, costing taxpayers money in the long run…

Comments are closed.

Subscribe to Our Newsletter

Subscribe to Our Newsletter

And get our latest content in your inbox

Invalid email address