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Hits & Misses: For local governments, the potential upside of tax breaks outweighs the risk

In June of 2012, Milford town officials reached agreement with a research company to expand its headquarters by 60,000 square feet. The $42-million investment by Biomeasure Inc. was expected to bring 20 more jobs to Milford.
Milford's hopes soon unraveled. By the next year, Biomeasure decided instead to cancel the expansion, sell the facility and move.
Just five months after Milford signed its deal with Biomeasur ...

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