It doesn’t work in New York because the politicians are corrupt idiots giving away the store for “green jobs” manufacturing pixie dust and unicorn farts. Reliably conservative counties do this all the time. They are successful because they pursue real jobs like these.
No, h, it doesn’t work because the bribes aren’t never ending. Because prospective employees don’t get the same breaks so finding personnel is still an issue in places families don’t want to live. Because tax breaks have to be paid for and states can’t print money. There are exceptions for companies with political juice and/or that suck off the government teat. If this company is one of those, it might stick around longer. But if I’m a prospective employee, I’d be renting, not buying if I’m hired.