DaimlerChrysler decided not to build a $750 million plant in southeast Georgia in spite of the state spending $24 million to purchase the property and an additional $36 million to prepare the site specifically for DaimlerChrysler. The offered was not enough to convince DaimlerChrysler that the Georgia site was a good location for its factory.

Local incentive

Explanation:

Local incentives can be described as economic development incentives like cash and near cash assistance that are provided by the government of a country or state in order to retain current businesses and also to attract new businesses.

These incentives are usually in for of tax breaks, training of workers, infrastructural development, etc.

In the question, Georgia state spending of $24 million to purchase the property and an additional $36 million to prepare the site specifically for DaimlerChrysler are examples of local incentive offered to DaimlerChrysler.

Therefore, the correct answer to fill in the gap is local incentive, we have:

The Local incentive offered was not enough to convince DaimlerChrysler that the Georgia site was a good location for its factory.

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