Aug 2, 2010
Detroit, Michigan came up with another way to help out its corporate friends. It gave Blue Cross Blue Shield of Michigan a gift of 35 million dollars, which it calls a “New Market Tax Credit,” in exchange for moving 3,000 employees from its offices in Southfield, Michigan to the Renaissance Center in downtown Detroit.
The city that is so broke it closes parks and schools – has found millions of dollars for tax breaks. Amazing!