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Spotlight: Incentives Draw Firms, But at What Cost?

In the economic development arena, incentives for high-profile corporate relocations signal that a locality is open for business. They draw attention to an area’s commercial and economic opportunities with the goal of expanding its depth and breadth of operations. Texas’ expansive economy has included its share of such relocations, notably Toyota Motor North America’s 4,000-employee 2017 move from Torrance, Calif., to Plano and Exxon Mobil Corp.’s more than 11,000-worker consolidation in 2016 to The Woodlands, north of Houston.