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Cities and towns like Worcester, Gardner and Marlborough frequently give out tax breaks to entice companies to either move or expand in their communities, typically giving out tax-increment financing (TIF) agreements offering a percentage off a business' tax bill in exchange for investment and jobs. In Central Massachusetts, these agreements have about an 85-percent success rate. Other communities in the region use them sparingly, as critics argue tax breaks mostly go to companies with significant profits who would move into the communities regardless of any tax break.
Should Central Mass. governments offer business tax breaks?
Comments

01/09/19 AT 03:05 PM
State

01/09/19 AT 03:05 PM
With these incentives in MA, communities get to decide if they need to/want to provide tax incentives to businesses who are looking to grow, expand or relocate to their community. They also get to decide the level of incentive, which varies from project to project and from community to community. As a result, I feel these are an important tool for municipalities to use as part of their economic and community development priorities.

01/09/19 AT 03:05 PM
One additional consideration is to understand the impact the business has on the community offering the tax incentives and to look at the entire economic picture to assess the deal.

01/09/19 AT 03:05 PM
Offering tax breaks would help recruite new busineeses. Creating a better business atmoshpere will prevent others from leaving.

01/09/19 AT 03:05 PM
The question is leading. Tax breaks are an excellent tool, but that doesn't mean they are properly used. Tax-breaks tied to job creation don't necessarily provide the promised benefits to locals. They need to be focused on development or redevelopment opportunities which would otherwise be financially untenable.

01/09/19 AT 03:05 PM
Worcester's business tax rate is not competitive to begin with, so they need to offer breaks to attract new companies. Worcester should strive towards a single tax rate for all residents and businesses, as it not fair that local businesses carry an unbalanced burden.

01/09/19 AT 03:05 PM
Not all communities are committed to commercial and industrial growth and development. However, those that need to at least NOT charge higher taxes for businesses. In some cases incentives can be justified because of the additional jobs and revenue they will bring to the community. HOWEVER, there is NO one solution fits every situation. Community leaders must be vigilant to choose those situations which provide improved quality of life to the community.
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