As of December 2012, Texas was giving out more financial
incentives—mainly in the form of tax breaks and subsidies—to business than was
any other American state. The government was handing out around $19 billion annually,
while at least $80 million was being spent in the U.S. overall, according to
the New York Times. Although at the time Texas had half of all the
private-sector jobs created in the U.S. during the preceding decade, the Times
points to “a more complicated reality behind the flood of incentives.” It
cannot simply be assumed that good jobs will be created.
The full essay is at "Luring Business to Texas."
