Suffolk IDA should claw back Canon's tax breaks
In recent years, Canon's business hasn't kept up with a changing world that isn't seeking many copiers or point-and-shoot cameras. Despite that, the Suffolk IDA has continued to prop up the company, granting Canon $7 million in additional tax breaks earlier this year. At the time, Canon pledged to retain its employees and improve its facilities.
That didn't last long. Just months later, Newsday has reported that the company headquartered on a prominent corner of the Long Island Expressway service road has laid off between 100 and 150 employees, as much as 14% of its local workforce.