Star Tribune Questions Subsidies for Shakopee Corpoations

Shakopee's business boom has come at a cost for the city.

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.

Read the rest at StarTribune.com

Follow us on Facebook | Sign up for our free daily newsletter
Heyitsme July 16, 2013 at 11:19 AM
I disagree with the article's title...can't spell CORPORATION. Do you all want businesses and growth? Or much rather complain about how to get businesses into Shakopee?
Jerry Schmidt July 16, 2013 at 12:23 PM
It's really too bad that the jobs are not for the people of Shakopee, the workers come from across the river. I wonder who's getting the kickbacks?


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »