Texas Put Up Millions to Lure a Samsung Plant and Won. Will It Pay Off?
- State, local government offers big incentives to land project
- Research questions whether these kinds of deals are worth it
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Landing Samsung Electronics Co.’s massive new chip plant didn’t come cheap for Taylor, Texas. The question now is whether the investment will pay off.
State and local officials offered a raft of incentives to lure the plant to the town, which is in Austin’s northeastern suburban fringe. It all could amount to hundreds of millions of dollars for what’s expected to be one of the largest foreign investments in the U.S.