Controversial tax breaks for Mass. projects
Location: New Bedford
Tax breaks: Potentially $60,000 in state taxes, plus potential local tax breaks
The state approved a 6-year tax break for a McDonald's hamburger franchise in New Bedford in 1998, even though fast-food restaurants generally pay close to minimum wage. The franchise owner pledged to create 22 jobs and invest $1.2 million, potentially qualifying it for $60,000 in state tax credits. It also received a discount on its property taxes (starting at 100 percent per year and gradually decreasing to 25 percent) on any improvements it made to the property. In 2004, when the company filed its last report with the state, the company reported it had hired 56 full-time employees earning an average of $17,500 per year.