How can a tax break be a net negative for the city if it creates new jobs in the city (assuming the other location layoffs were in different cities).
Without the tax break, none of the new jobs would have been made in the city at all.
Without the tax break, none of the new jobs would have been made in the city at all.
Oftentimes these are just incorporated industrial areas with minimal housing and little/no incentive to invest in public services. The businesses in this city/township are certainly running the show, and the few people living within those borders have little to no incentive or ability to organize and work for change. Afterall - people with surplus money/time would choose to live elsewhere.
Its a vicious cycle to the bottom, since these types of cities/townships compete against the main city proper (in the case of large urban areas) or other nearby cities and towns that are actually trying to provide for their citizens.
Any time the costs to the city outweigh the benefit of getting those jobs. Industrial pollution can be a greater detriment than a handful jobs. Or the city can turn over land that would otherwise be put to other uses. Or the jobs might all be people who don't actually live in the city, saddling the city with resulting traffic/pollution issues but with no practical job benefits. I don't know or think that Peloton is going to do such things, but it is very possible for downsides to be greater than the benefit of creating jobs.
A classic example might be a distribution warehouse (not amazon, oldschool warehouse). Maybe there are five or ten people who work at the facility, but the city has to deal with a constant flow of trucks in and out. The downside of those trucks will probably be greater than the handful of jobs a warehouse may generate.
There are very few things in the light industry today making pollution. PCB etchants, dyes, solvents — all being actively reclaimed for decades.
* It sets a precedent for other companies to leverage the same tax breaks.
* Facilities still use public roads and infrastructure. A road with 50 more trucks per day deteriorates more quickly, but the facility isn't paying for that directly.
Are you sure? Those jobs would exist even if no city gives tax breaks, tax breaks didn't create them, therefore you cannot make this calculation.