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7.4.•_t..`,......i, tr. -•� ..-...u•;.. -......;::-.:%.2.: ^_e.!".,=t. :-:►ii:.kaY1,-,•-Y-vA'r./C,--"Aw • -Y. rr_•^ .-+4r.le irrztx'� _.0 .. vi -iC s•:✓_tic t v +'�i. .moi.-�� v+iiv=•-iTic >;. ti i-- '.`mow... y;.'i.L �e '-. ' ns,..s4 'tt i � om x --!,-40...1 .,. e^ ice ..� -n ''''''� -` • si--------. --- ` � • �r''�. � -"dam s •- ' ' • - rtr: --- K41•Z J.,I�r Z.rw•�. a -K'� 4 4 r'� .f. Y•Ja+' ^ ..,„M1y SLY a_ 4 - gi nh2 - 'U ~ _ ;: tw _ •-_� ` •+IY��ji�_Ai-i'� '�i %-moi.. 1 i•r. - •._• .. .'s.:r; -11% ,: - . —-_ -_,,y.. ,- l_y� sTr - -' - -- ?A • - - - -....a�=.•, i ...� .: YTS - - • ��-�- �- N - �� ` •,y - . Y . jar�+/� .r. - .ve • ••e•ri`t� � f. yam... g- .- .ter �'�� •.! s�-. . ..7V - - � - _� F � -moi � �r i �'.ti �y.: ::' a ,�' � �,-�'« , '�- Daniel Grass . 1 i. .,• .ii zp, fir_ -�'+: - • , . i V A w .. 1 _. .�-. --.. -.:F '':`tj - _ — - _..` ,. _.... ,_,-......... ---- l•. Rancho. New Mexico. co convince ! an Intel public affairs manager. who 1 r•. ,'••--_i.roc�•n,. v= Intel Corp. to build a billion-dollar � quickly adds that incentives were 1 -------- •–•—= computer chip factory there. In I only one factor in the company's All 50 states offer some type of linan- exchange for bringing 2.400 jobs to I choice. vial incentives. enough to till the 550- the municipality rising in the sage- I Nearly 130 years atter the surrender I plus page Director!' of Incentives for brush outside Albuquerque. Intel got 1 at Appomattox• an economic war i Business Investment and Development 357 million in property tax abatement. between the states is raging. The win- in the United States. published by the 336 million in new equipment tax , ners: expanding and relocating corn- National Association of State Develop- waivers. 320 million in manufacturing panics. and state officials who can ment Agencies. Large and small com- investment tax credits. and 51 million , spin new jobs into political capital. 1 panics alike can choose from a for job training. • 1 The losers: 'stares that don't bid high ; smorgasbord of inducements. the "The dollar value placed on the , enough. or give away too much in a I most common being property tax incentive packages among the states ; desperate effort to.attract jobs. as well 1i abatements. income tax credits, work- was wide enough to give New i as corporations that must compete 1 er training. and low-interest loans. Mexico the edge.” says Barbara Brazil. with tax-advantaged newcomers. A few years ago. incentives hardlyIII DESERT BLOOM (above): Intel received S114 million in incentives to build this New Mexico facility_ CFO•JULY 1994 45