Ohio Taxpayers Give Boehringer a $16M Bailout Package

Last Updated Sep 17, 2009 11:46 AM EDT

Columbus, Ohio, will give Boehringer Ingelheim a $16 million tax abatement just for staying in the city. The agreement comes with this clause:
The incentive does not come with any promises for job creation.
In return, BI will spend $67.8 million to expand its Roxane division there. The city wants BI to stay because it employs 950 people in Columbus on a payroll of $68 million.

It's a much bigger tax break than the $100,000 in taxpayers' money given to BI by St. Joseph's Mo., who want BI's Vetmedica unit not to go anywhere.

Your tax dollars at work!