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  • Nick Bates

News & Notes, November 18, 2013


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News: After the Shutdown, Akron Beacon Journal Notes: State and local governments continue to provide tax credits, incentives, and other financial perks for large businesses that set up shop in their community. However, with the recent Lockheed Martin decision to close their plant in Akron, we see a few realities of modern economics emerge. First, Government investment matters. Lockheed Martin contracts with the defense department, and as a result of austerity, they need to reduce their labor force. Likewise, when Ohio invests in healthcare, social services, education or infrastructure, Ohio creates jobs as a direct result. Second, companies will not hire or fire people based on the availability of tax credits, but will hire and fire based on consumer demand.

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