No other state has given out more money in business incentives in recent years than Louisiana. That's ok if those investments are paying off, but many of the big incentives have been exposed as nothing more than big wasteful entitlements.
In KPLC's newscasts, you've seen examples where the state gave companies millions in tax breaks for hiring workers, only to quickly turn around and lay those workers off. One company received a $14-million incentive package. Sixteen months later, they fired their entire workforce.
It's hard to design a perfect incentive program. But since Bobby Jindal became governor, Louisiana has given away $11-billion dollars in business entitlements. Those in government overseeing them need to follow up and make sure that money isn't being thrown away.
Eventually you have to pay the piper. And so the state is now faced with an unprecedented budget crisis that could sink much of the promise of our better Southwest Louisiana.
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