The pursuit of BMW and other companies also increased the race to offer tax money, tax breaks and property as incentives to private companies. BMW got the equivalent in today's dollars of about $325 million in incentives. But the plant likely would have been successful even if it hadn't gotten a dime of taxpayer money, said Ashley Landess, president of the South Carolina Policy Council.Politicians were soon trying to find the next big thing and likely gave incentives to companies that squandered the money. A Pew Center report this year found that 26 states, including South Carolina, didn't have an adequate system for evaluating how well tax incentives were working to bring economic development.
BMW At 20: Plant Exceeds Hopes, Tax Debate Ongoing
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