Belmont University

Government Grants Not Always Worth It

The Wall Street Journal has a story about an entrepreneur who took a government grant and tax breaks to help pay for a wind turbine for his ski resort. It was a typical attempt by a governmental agency to try and manage business owners' behavior within the free enterprise system to reach a specific social goal set by politicians. The results?

"If I'd known what I know now, I would have never had done it," says Mr. Fairbank, president and chief executive of Jiminy Peak Mountain Resort Inc. in Hancock, Mass.

Read the entire story here.


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