Apr 29
2015
Yahoo’s sky-high subsidies
Everyone in these parts has heard of the Buffalo Billion. Overlooked is another government subsidy program that could be called the Lockport Half-Billion. By any standard, the incentives granted Yahoo to build a data and call center in Lockport are generous. Consider that the Yahoo subsidies: Will cost up to $478 million to build a single facility that employs 200 people. The Buffalo Billion, by comparison, will finance the construction of three major facilities projected to create some 3,750 jobs and underwrite several dozen smaller projects. Work out to $2.4 million per job – an “astronomical” figure in the words[...]