but rather, the city can benefit from the investment that follows
Offering tax abatements to attract "investment" in a community is like offering ballooning ARMs to attract long-term home ownership: the incentives are set up to cause exactly the opposite of the stated goal.
Offering tax abatements to attract "investment" in a community is like offering ballooning ARMs to attract long-term home ownership: the incentives are set up to cause exactly the opposite of the stated goal.