I hope it's better than giving $100,000 in credits to 30,000 small businesses in the greater Milwaukee area.
Is this idea in particular viable? Probably not.
Some countries go as far as providing guarantees for investors in their constitution.
Just look at how Argentina's incentives for Blackberry panned out: https://www.npr.org/2017/02/23/516895101/when-argentina-elec...