Shakopee is rethinking tax incentives for prospective employers

  • Article by: Susan Feyder , Star Tribune
  • Updated: February 20, 2014 - 11:26 PM

The city, which used hefty tax breaks to land big employers in the past year, is taking a hard look at requiring more out of such deals.

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texas_technomanFeb. 21, 14 3:33 AM

Bribing companies to move from point A to point B can only go on so long. At some point the taxpayers might wonder why it's ok to give corporations their tax dollars, but not grampa and grandma, or the kids schools.

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dirtydogsFeb. 21, 14 7:42 AM

There is no such thing as a fair tax structure. All is fair in love and war and taxation.

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avejoeconFeb. 21, 14 8:06 AM

texas_technoman-------No one is giving corporations tax money. They are just letting them keep more of their own money.

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jimmyjames76Feb. 21, 14 8:20 AM

What constitutes "fair" taxes isn't easy to define, and maybe these businesses are paying a fair amount, but being a successful business shouldn't mean that you pay a significantly lower percentage of your profits in taxes as the people that work for you. Businesses benefit from the services the government provides (educated workers, public utilities, safe roads, police/fire, etc). There are many countries without these services, and you don't see the kind of success American businesses achieve. I do think it's good to give new or expanding businesses breaks, but it should be with the caveat that once you're established and making a healthy profit you contribute to the services you use.

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joe_mnFeb. 21, 14 8:47 AM

What is the ugly concrete bunker being built near canturbury road?

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jkc2005Feb. 21, 14 9:03 AM

joe_mn that ugly concrete bunker is the future home for Shutterfly. Can't wait to see what it does to the traffic patterns on that particular exit.

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whatisbetterFeb. 21, 14 9:51 AM

jimmyjames76 stated "Businesses benefit from the services the government provides (educated workers, public utilities, safe roads, police/fire, etc)." The government does not provide these services. Citizens pay for them (taxes) and expects government to wisely place these funds appropriately. In Shakopee's case the new businesses will get to take advantage of citizens paying for services without paying themselves. One commenter even brought up the traffic issues. Bingo. Who is going to pay for the traffic improvements? Not the new businesses, the citizens. Oh, by the way, the school district wants $87 million for a second high school. Property taxes in Shakopee are going to go through the roof.

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joe_mnFeb. 21, 1410:06 AM

Shutterfly p/e ratio is 1000. Bestbuy p/e ratio is 13.

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drmccoyFeb. 21, 1410:20 AM

I drive by a new Senior Citizen apt in Shakopee from time to time. It irks me that they are getting a $1,000,000 tax break (entitlement) if at least 20 percent units would have to be available to individuals with incomes at or below 50 percent of the median income in Scott County....... Per census figures, over 57% of Seniors in Scott County ALREADY have a median income less than half of the overall median income. Wow, did Shakopee get fooled. They'd had a hard time NOT renting the facility out to Seniors under half the median income for the county. These companies need to stop with the handouts (entitlements, corporate welfare) and stand up by their own bootstraps. The redistribution of wealth from the poor and middle class (via govt entitlements) needs to stop. This is just a small example; look at the Vikings "people's" stadium for a more egregious example.

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rampalincFeb. 21, 1410:28 AM

avejoecon - when big businesses move into an area it is natural to assume that govt services/infrastructure needs increase. With these tax breaks the burden of that cost falls onto folks who are living there.

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