Important(Environmental pollution) if a company agrees to set up a plant in New York then the state will give?
Under the Federal Clean Air Act, private businesses and governmental agencies that succeed in keeping their emissions below the permissible limits dictated by the Environmental Protection Agency can earn pollution credits. Holders of these credits can sell them to other organizations that have trouble keeping their emissions within the limits, or can retire them permanently, thus reducing the potential of further pollution.
State agencies in New York have amassed millions of dollars in pollution credits. Recently the state has sought to lure businesses to New York by offering the credits for free. That is, if a company agrees to set up a plant or office in New York then the state will give them some of the pollution credits that it (the state) has earned. This new approach for attracting business into the State of New York is highly controversial. Widespread protests forced the state of Maine to back away from a similar approach. Do you vote in favor of NY law or against it, and why
It doesn’t matter. Taxes are so high in NY that corporations are moving elsewhere.
Once the tax credits are spent, the companies are going to pack up and move down south.