Capitalism Dies From A Thousand Local Paper Cuts: The Facebook Subsidies

So the other day I read this news from Iowa: “The Iowa Economic Development Authority board has approved $18 million in tax credits for Facebook’s $300 million data center in Altoona. ‘Welcome, Facebook,’ said board member Pete Brownell. The data center project has been referred to as Siculus Inc. in state documents. Debi Durham, the state’s economic development director, said she expected that Facebook’s investment would grow to a billion dollars within five or six years. ‘It’s Read more […]