Quote:
Originally Posted by thoughtcriminal
Why? As long as they are available, why is it disgusting to use them?
If anything, it points to the fact that if companies need this kind of incentive to locate in the city that there is something wrong with the city's tax structure to begin with, and that the whole tax code needs to be overhauled to be more business friendly.
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Dechert was a law firm already in center city when they moved to the Cira Center. Big law firms like Dechert are never going to move out of the general downtown areas of the city they are located in. They didn't need an incentive to stay. I am anti-corporate tax welfare in general (not all incentives - some are appropriate, like TIFs on brownfield sites), but they in no way should be used for existing businesses that are never going to leave.