5 Points from Mercedes Economic Incentives from Georgia

• $23 million in tax credits
• Of that, $17.3 million is based on 5-year tax credits given  in exchange for each new job brought to Georgia
• state business taxes will be reduced by up to $4,000/year for up to 5 years for each new job
• $6 million in development funds
• local tax abatement for ten years

​Mercedes left New Jersey to set up headquarters in Georgia. According to an Texas A&M’s Kenneth J. Meier, economic development incentives are “a rounding error for a company like Mercedes.”

​Wall Street Journal  WABE Atlanta’s NPR