The Greenpac Mill project, . . . will receive extensive government incentives, which Cascades executives valued at more than $100 million over a 10-year period.
More than half of the incentives will come from $60 million in brownfield tax credits over a 10-year period. The project also will receive $5 million in Empire Zone tax credits. The Niagara County Industrial Development Agency in December approved property tax breaks for up to 20 years
The project also will receive extensive energy subsidies. A 10-megawatt grant of low-cost hydropower from the
The project also will receive $3.5 million from the
And how many jobs will be created, a little over 100.
The point: government assistance is an integral part of manufacturing investment, and it takes a lot of it to create jobs. In this case, about $1 million in public assistance per job. Or as Conservatives would say, about $1 million of job killing government spending per job created.