corporate welfare

Providing services, financial assistance, subsidies, or other benefits to organizations to help them maintain their viability or profitability. For example, a national government might reduce the tax rates or subsidize part of the expenses of a labor-intensive industry because it supposedly provides many jobs. To enhance the local economy, a municipal government might offer to give land at low or no cost to companies that relocate to the area. Some who are most strongly opposed to governmental welfare benefits for individuals favor corporate welfare programs for businesses.