Tax incentives are back in the news with Commerce RI granting them to Amgen. Is that a good idea?

A BELIEVER IN RHODE ISLAND: Amgen Rhode Island vice president of operations Tia Bush said that the company's decision to build a new plant in Rhode Island was
A BELIEVER IN RHODE ISLAND: Amgen Rhode Island vice president of operations Tia Bush said that the company's decision to build a new plant in Rhode Island was "a testament to our skilled, dedicated workforce" at the company's West Greenwich manufacturing facility. / PBN FILE PHOTO/RUPERT WHITELEY

The R.I. Commerce Corp. has approved up to $9.2 million in incentives for Amgen Inc. to build a $165 million biomanufacturing plant in West Greenwich. The company expects to add 150 jobs to its existing 625 at its Rhode Island campus, with the potential to grow to up to 300, depending on business conditions and the performance at the facility. The company has facilities around the world, so it had to make a choice to expand in Rhode Island, one that it said was partially motivated by its historical success at the existing facility. The state estimates that over the 12 years covered by these incentives, it will receive $3.7 million in new net revenue.

Was the awarding of these incentives good public policy?

Tax incentives are back in the news with Commerce RI granting them to Amgen. Is that a good idea?

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