When Bill Winkler opened his small archery shop, he was prepared to compete against businesses large and small – but not against a government-financed competitor.
"The day Bass Pro opened here in Bossier, the number of arrows I sold dropped off by 50 percent," says Winkler.
A Bass Pro Shop opened in Bossier City in 2005 after city officials promised to give the retailer $38 million to pay for the construction of the 106,000-square-foot store in this Red River community.
Such deals are commonplace.
Source: The Atlantic. Read full article. (link)