Quote:
Originally Posted by Pooka
All I have seen come out of these 'incentives' is companies moving from one state to another. No real job creation.
One oil company I know of moved from Oklahoma to Texas and lost about 50% of their workforce, but losing people was the reason they moved. It was cheaper than a layoff and the state of Texas paid for their move.
The only ones that come out ahead in a move like this are the politicians that can later brag about how many jobs they bought to the state. I notice that none of them have ever said at what cost to the taxpayers.
Companies once set-up in states that had the best education systems. Now it is all about incentives.
It reminds me of the old joke with the punchline: We have already established what you are. Now we are arguing over the price.
|
Amen. Do a Google search on Chiquita Bananas and Gov Bev Perdue - all told, between state and local incentives and tax credits, they spent something like $20 million to get CB to move one of their top level offices from Wisconsin to Charlotte - with a grand total of 100 management jobs.
One of the many reasons she's not running for reelection after just one term - even she saw the handwriting on the wall - and you could hear an enormous sigh of relief coming from her own party up in Raleigh when she made the announcement - totally incompetent even by a politician's standards.
That's one of the reasons I mentioned the company making synthetic diesel fuel from natural gas in the OK state budget thread - they could actually create a NEW industry/company for the region, instead of just moving the pieces around.