Study: Taxpayer-funded targeted investments not worth the cost

UP, UP AND AWAY: Mississippi tax dollars have been used heavily to lure businesses to the Magnolia State.
 
By Steve Wilson | Mississippi Watchdog
When a new megadeal with a corporation moving to Mississippi is announced, politicians hold a news conference, cut a cake, boast about the number of jobs created and toss some dirt with gold shovels.
A study by the Mercatus Center at George Mason University might put a damper on the party. The recently published research by Christopher Coyne and Lotta Moberg casts major doubt on whether these taxpayer-funded targeted investments meet their goals of economic revitalization and job creation.
One of the costlier examples the study cited included

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