It’s our understanding that the tax credit you are referring to is available to any petro-chemical company that locates in the Commonwealth, not just the one you reference. As you know, there is immense competition among states to attract these sizable projects, with state governments often competing among each other to attract these investments. Providing companies with a competitive tax structure is one way to help attract that investment. Importantly, a tax credit does not cost taxpayers a penny since the commonwealth is not “handing over” any taxpayer dollars. Rather, it provides companies an incentive to locate here, which in-turn expands the tax base through the creation of new jobs and spin-off entities.
