Posted: 11:57 AM
CLEVELAND - Ohio tax breaks for businesses aren't working the way they're supposed to, according to a non-profit group's study of Northeast Ohio.
The report by Good Jobs First said the state tax breaks, like Enterprise Zones and Community Reinvestments Areas, have led to suburban sprawl and increased poverty in urban areas.
The tax breaks were originally intended to encourage businesses to relocate to urban areas, but suburban communities have been allowed to use the state tax incentives to compete with each other for businesses, said the report.
Cleveland lost 11 companies to surrounding areas between 1996 and 2005, according to the report.
More:
http://www.newsnet5.com/dpp/news/local_news/investigations/study-ohio-tax-breaks-not-creating-jobs-in-cleveland-area