Daphne A. Kenyon and Adam H. Langley
Property tax giveaways in Boston are a popular, and flawed, business lure
In trying to maintain momentum in the Innovation District in the Seaport, Boston has dangled millions of dollars in tax breaks in front of companies settling there. It was hardly a radical gesture in the world of economic development. The policy has become so common over the last 50 years, state and local governments across the country are routinely forgoing up to $10 billion in revenue every year.