I need an outline:

I don't really understand how to start this, can you also break it down and explain what they are asking?

Global competition that has reduced jobs and earnings in many U.S. jurisdictions has impacted a far wider range of industries than automotive. State and local economic development officials, legislators, and administrators must continue to look at the use of economic development tools that address the retention needs of the highly valuable automotive industry along with corporations within all competitive industries well in advance of events that necessitate corporate decisions resulting in unfavorable jobs consequences. But how much is too much because there comes a point in an auction where you don't want to be the one with your hand in the air. I want to see your research on this topic, laying out the positives and negatives, the benefits and the costs, and the point where offering incentives no longer makes sense