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Economic development incentives: What’s the conservative stance on them given the Reckitt Benckiser groundbreaking?

Reckitt Benckiser, a U.K.-based producer of a range of products including Lysol, French’s Mustard and Woolite, broke ground this week on a new distribution facility in Tooele County that will open next year and will bring about 200 jobs to Utah.

The jobs will pay 25 percent above the Tooele County median wage, thanks in large part to a $1.9 million tax incentive over 10 years that was provided to RB by the Governor’s Office for Economic Development.

You can read all about the groundbreaking of the RB plant in the DesNews.

Last week, we had a discussion about economic incentives for film productions, and the tone from the conservite crowd, namely our friends at The Sutherland Institute, was that if the money was there and the profits were there for film companies to come to Utah, private industry would be investing in filmmakers coming to Utah instead of the state using public monies to entice Hollywood.

So I’m curious what the conservative position is on GOED monies going to companies like RB. The way I see it, Utah needs and wants quality jobs like this, and if Utah doesn’t offer the incentives for these companies to locate here, then some other state will. We’re in a world where we have to play on the terms everyone else collectively sets, else we risk falling flat on our face.

I give major thumbs up to the GOED.

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