With thousands of jobs expected to pour into Shakopee in the coming months as numerous companies relocate or open expansions in the city, some are questioning whether the price tag will be worth it.
Sunday, the Star Tribune reported that the city will have given away millions of dollars in tax breaks and other subsidies to large employers who set up shop in the city. The city has also dropped minimum wage requirements for companies that receive city assistance, from $19.94 to $14.50 an hour.
“Something that does us immediate good in six months might not be the right path to take, versus something that’s beneficial five or 10 or 20 years down the road. All these deals are extremely beneficial in the long term," Mayor Brad Tabke told the newspaper.
In return, the paper highlighted a report from the Met Council saying that development was shifting back into center cities.