Today we look at how economic incentives are used in the Lansing area. There is fierce competition out there among cities and communities, not just in Michigan but across the country, to attract new businesses that will bring jobs and economic growth. This competition often gives companies the upper-hand when asking for tax abatements and other incentives from local taxpayers. But just how much should Lansing give up in tax revenue for, say, 1000 new jobs? And once that deal is made, how are the numbers tracked to see if, indeed, those new jobs have materialized? What are the consequences if they don’t?