(From Daily Finance.com -- By Bruce Watson)
Politics makes strange bedfellows, but tax breaks make even stranger ones.
Pending final negotiations, THE JERRY SPRINGER SHOW, long a bastion of the most flamboyantly deviant behavior imaginable, will be moving to Connecticut's wealthy and socially conservative Gold Coast.
It's the kind of epically bizarre match that could only be the product of a lot of money.
Stamford, whose RICH FORUM THEATER will be the show's new venue, sits about 30 miles outside of New York City, and is home to many of Wall Street's most famous (and infamous) money men.
While the recession hasn't hit Connecticut as hard as many other areas, the state's unemployment rate is currently over seven percent.
Between January 2008 and January 2009, in fact, it lost 38,300 jobs, or two percent of its total employment.
As experts predict unemployment will rise over the next year and a half, the state has been aggressively courting potential employers.
In the case of Springer, this meant offering a 30% production tax credit, a 20% tax credit on infrastructure costs over $1 million, and a promise to spend $3 million on infrastructure.
Stamford's proximity to New York City makes it a convenient location for the city's pre-existing television industry, and enables Springer to take advantage of New York's position as a transportation hub.
Springer's show will be joined by MAURY, a talk show hosted by MAURY POVICH, and THE STEVE WILKOS SHOW, which will be hosted by Springer's security director.
All told, the new programs will bring in 150-200 jobs and an impressive influx of cash.
Jerry Springer Takes The Money And Runs To...Connecticut?
Bill Smallfield, thanks for the post.