The New York Times has published results from a 10 month investigation into the $80.4 billion that local and state governments spend on corporate subsidies. While many states spend many hundreds of dollars per capita on tax subsidies, free property, and other kickbacks, New Hampshire spends only $30 per capita, or a total of $39 million on such incentives.
The biggest winner when it comes to state tax incentives and government grants? $1.6 million to Foss Manufacturing, in Hampton.
Like New Hampshire, other states with modest subsidies, like Nevada and Wyoming, have low or no business taxes — which, the Times says, “can save companies even more money than tax credits.”