Quit subsidizing business
Cut their taxes instead.
From the Courier-Journal:
Twenty technology companies from across Kentucky, including nine with ties to Oldham and Jefferson counties, stand to receive almost $1.9 million in state funding for start-up activities.
Potentia Pharmaceuticals, at Jefferson and Brook streets in downtown Louisville, will use its share of the money to test new delivery methods for a drug that treats macular degeneration, a leading cause of blindness.
Some of the companies are as follows:
Naprogenix, a biotechnology company that works with plants for potential uses as pharmaceuticals and agrochemicals. It has headquarters in Louisville and research facilities in Lexington.
SureGene, a molecular diagnostic company that targets schizophrenia, bipolar and related mental illnesses.
ApoImmune, a biotechnology company intent on becoming a world leader in developing therapeutic vaccines for cancer.
SCR, which has developed a device to treat patients experiencing late-stage heart failure.
Regenerex, which works to improve the safety of bone marrow transplant therapy.
Hosting.com, which provides Web hosting, disaster recovery and other services.
Scout Diagnostics, based in Lexington, is commercializing a test kit to detect Alzheimer's disease. Its founder and chief executive, John Beran, lives in Middletown.
Kentucky is giving money to companies that should be welcomed to our state with low taxes and a vibrant workforce. You get the workforce, in part, by lowering personal income taxes, too. Taxes are a very real component of cost of living. Cost of living is a very real factor in where people decide to live.
