From an article in the Killeen Herald by Clay Thorp, staff writer (3/10/15):
Many Texas cities use tax abatements to attract large companies. But economists such as Michael Ash, professor of economics and public policy at the University of Massachusetts-Amherst, said many large cities should avoid large tax breaks to attract the biggest companies.
“Local leadership should avoid the subsidy trap, offering enormous tax breaks to try to attract a big employer,” Ash said.
“It’s almost irresistible because other cities are also bidding for the same companies, but it is often a race to the bottom. It would be good to have state or even federal leadership in preventing these bidding wars.”