Instead of trying to "level the playing field" through incentives, why not just reduce the corporate tax rate here, making our existing businesses more competitive and the state as a whole more competitive to businesses wanting to relocate.
Incentives might be worth it if they actually entice someone to do something they aren't arleady planning to do. Unfortunately for a overwhelmingly majority of the incentive packages offered by the state, they are simply blackmail payments to businesses who are going to do something anyway. For example, Goodyear couldn't close it's Fayetteville plant due to its labor contract, and was going to have to modernize its US facilities to remain competitive. Yet they feign desperation and get the General Assembly to give away $20 million of our money for something they had to do anyway.