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Essay / Research Paper Abstract
This 5-page paper explains how governments and areas attempt to lure businesses and corporations through use of tax incentives, reduced payments and even a trained workforce. The example used is the relocation of The Boeing Co.'s headquarters to Chicago in 2001, and what Chicago, Denver and Dallas did to try to lure the aerospace giant. Bibliography lists 2 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTbusinc.rtf
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Unformatted sample text from the term paper:
many businesses set up shop in Manhattan because its the U.S. financial district, while others might be lured to the West Coast (Hollywood, in particular) because of the climate and
the glamour. But in truth, governments use incentive packages, lifestyle and other tools to attract businesses -- and many times, theyll offer the lure of a trained workforce (and a
low cost of living, meaning lower wages) as a way to get businesses to consider their locations as well). For this paper,
well examine The Boeing Corporation because it provides a great example of how three state/municipal governments (Illinois-Chicago; Colorado-Denver and Texas-Dallas/Forth Worth) made many incentives and offers to lure the Seattle-based
headquarters to their own backyards. Though Boeing ultimately chose Seattle as its location (for reasons well discuss later), it wasnt that the other locations didnt try their best. The one
thing Boeing didnt offer, in this case, was the opportunity of new employment for the cities, but it did (and continues to do so) offer prestige (Templin et al, 2001).
During 2001, when Boeing announced it was packing up and leaving Seattle, the company also announced the three cities it was considering:
Chicago, Dallas and Denver (Templin et al, 2001). Though future sites typically arent announced in these cases, Boeing was interested in seeing what the three potential locations would offer as
incentives (Templin et al, 2001). The company itself noted it wanted a "culturally diversified, mid-continent site closer to its many factories," as well as the financial markets and government --
meaning major hub airports, which all three cities had (Templin et al, 2001, B1). In addition, the three cities were able to offer non-incentive features. For example, Dallas had the
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