Posts Tagged Economic war among states

Right now, three tech companies—#1 and #2 microchip makers Intel and Samsung and electric-truck start-up Rivian—are staging secret subsidy auctions, playing states against each other for new facilities. 

It is not uncommon for state and local governments to pay out subsidies to companies to get them to retain existing jobs rather than creating new ones, but Iowa finds itself in the position of giving millions to food giant Kraft Heinz to eliminate far more jobs than it is saving.