Even at $200,000 a job, Kansas paid below the going rate in its deal to land a Panasonic factory

Even at roughly $200,000 per job, analysts say the tax breaks and other incentives Kansas put on the table to bring Panasonic’s battery-making plant to De Soto fall short of the giveaways other states have made in recent years. Still, the tax dollars devoted to bringing the $4 billion electric vehicle battery plant to Johnson County bust any records in Kansas for tempting a business to the state. And few details have been made public about the $829 million incentive plan that was negotiated behind closed doors. The factory will be the largest economic development plan in Kansas history. The company is promising 4,000 jobs subsidized at the rate of $200,000 per worker. Additionally, the package to Panasonic appears to be the fourth largest in the country since 2018, according to a subsidy tracker from Good Job’s First, a group largely skeptical about government giveaways to businesses.
Source: KCUR News