Controversial tax breaks for Mass. projects
Diman Coin Laundry
Location: New Bedford
Tax breaks: $9,000 in state and local taxes
Diman Coin Laundry received a 5-year tax break for its expansion in New Bedford in 2005. The company promised to create two full-time jobs and invest $100,000 in the site, potentially qualifying it for $5,000 in state tax breaks. The company also said it saved more than $4,000 in local taxes. Critics say it generally doesn't make sense to subsidize laundromats because they compete with existing businesses, don't create many high-paying jobs, and likely would open in the area anyway.