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Why BNY Loves State Schools (Hint: It’s Not the School Spirit)

Companies like BNY and their consulting sidekicks have perfected the art of “economic development,” which mostly means convincing state and local governments that a few hundred cubicles and a ribbon‑cutting justify millions in tax incentives. McKinsey brings the playbook, BNY brings the headcount projections, and suddenly the state is handing out credits like party favors to “stimulate regional growth.”

Once the incentives are locked in, the hiring machine kicks in. States love when companies hire local graduates, and companies love it even more because those hires help them unlock annual tax credits tied to job‑creation commitments. New grads from state schools are especially attractive: they’re local, they’re eligible for incentive programs, and—let’s be honest—they’re cheaper than experienced workers. Salaries vary, but the pattern is predictable: new grads cost less, and incentive‑eligible hires cost even less to the company once the credits hit.

Who negotiates all this? At BNY, it’s typically a mix of Corporate Real Estate, Government Affairs, and Tax/Finance, working quietly behind the scenes to secure incentives without ever mentioning them to the employees whose jobs justify the credits.

And how do new grads help? Simple: every qualifying hire checks a box on the state’s incentive scorecard. The state gets “job creation.” BNY gets tax credits. And the new grads get… well, a selfie with Fabs and welcome to the Bounce House - North Campus.

#CampusHire #Tax #Incentive #GovernmentAffairs #CostSavings

$1,090,000 of CENTENE CORPORATION lobbying disclosed from Q4 of 2025.

Do we think the government has “the people’s” interest in mind? On a side note, below is a partial list of politicians transactions of just Centene stock last year alone. Interesting how they all seem shocked at the actions of health insurance company’s yet they all have skin-in-the-game of this money generating racket.

CENTENE CORPORATION COMMON STOCK
Sale
$100,001 - $250,000
Tim Moore
House / R
Sep 03, 2025

Aug 18, 2025

CNC
CENTENE CORPORATION COMMON STOCK
ST
Sale
$1,001 - $15,000
Julia Letlow
House / R
Jan 13, 2026

Aug 08, 2025

CNC
CENTENE CORPORATION COMMON STOCK
ST
Purchase
$1,001 - $15,000
Tim Moore
House / R
Sep 03, 2025

Aug 08, 2025

CNC
CENTENE CORPORATION COMMON STOCK
ST
Purchase
$15,001 - $50,000
Tim Moore
House / R
Sep 03, 2025

Aug 07, 2025

CNC
CENTENE CORPORATION COMMON STOCK
ST
Purchase
$1,001 - $15,000
Gilbert Cisneros
House / D
Sep 12, 2025

Aug 05, 2025

CNC
CENTENE CORPORATION CMN
None
Purchase
$1,001 - $15,000
Ro Khanna
House / D
Sep 09, 2025

Aug 04, 2025

CNC
CENTENE CORPORATION CMN
None
Purchase
$1,001 - $15,000
Ro Khanna
House / D
Sep 09, 2025

Aug 04, 2025