Why governments are giving billions in tax breaks to Apple, Amazon and other tech giants

State and local governments are seeding the cloud with billions in tax subsidies, but the companies receiving those gifts aren’t exactly making it rain with jobs in return, according to a nonprofit’s recent study.

The Good Jobs First study focused on tech giants Alphabet Inc. GOOGL, -0.95%GOOG, -1.01% , Amazon.com Inc. AMZN, -0.58% , Apple Inc. AAPL, -0.31% , Facebook Inc. FB, -0.95% and Microsoft Corp. MSFT, -0.33% , and found roughly $2 billion in incentives granted from local and state governments to build a total of 11 data centers in the past decade, a fraction of the facilities these and other companies have actually built.

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