For the city or state to do anything at all will require a contract that basically states something along the lines of "we will give tax breaks and or grants providing that Carrier remains X amount of time". That's because no company is going to sign away their right to move for eternity. Of course there will be escape clauses in there for both sides. Most of them that I've heard of are good for about 5 years. If Carrier has stayed long enough there is nothing the state or city can do. Basically claiming to be reviewing the matter is the way politicians keep the masses happy. A year from now when they come out and say "sorry folks, nothing we can do" the voters will be appeased because they think the politicians at least tried when all they did was spend tax payer money to a lawyer to review the contract that they already knew was expired.
I'm not defending Carrier's move. But if the other companies have already done that then they have little choice in the matter. They have to move to compete. The other option would be for the workers to accept much lower wages. Now you and I know the workers are not going to do that. With no OSHA or EPA regs plus lower taxes and add in the savings in pay and bennies. The last option is for them to go broke and everyone is out of a job anyway.
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