Business Brief: 'Corporate Welfare' Or 'Pay To Play'?

Mar 7, 2016

Shawn Smith, Ernst & Young Financial Services Leader for the Southeast U.S., announces the company's service center relocation at Jacksonville City Hall, alongside Mayor Lenny Curry.
Credit John Burr

Tax breaks and other incentives are credited for clinching a deal that’s bringing 450-new financial-services jobs to Jacksonville.

In this week’s “Business Brief,” analyst John Burr tells News Director Jessica Palombo, the city says, what’s sometimes derided as ‘corporate welfare’ is necessary for economic development.