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Location: The place where the road & the sky collide
23,814 posts, read 34,678,989 times
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Quote:
Originally Posted by adavi215
I put Charlotte in Western NC. Just look at how we get treated. LOL.
LOL, true. . . but the state classifies Charlotte in the Piedmont and Cleveland County is too. However, they classify Rutherford County with the mountain region as western NC.
However, as you travel east to west through Cleveland County you can see the change, so you have a valid point, in more ways than one.
LOL, true. . . but the state classifies Charlotte in the Piedmont and Cleveland County is too. However, they classify Rutherford County with the mountain region as western NC.
However, as you travel east to west through Cleveland County you can see the change, so you have a valid point, in more ways than one.
Without getting too far off topic, I remember one thread that was discussing Charlotte as NC redhead step-child. One of my favorite threads actually. But I am glad to see places like Rutherford, Cleveland, and Unifour getting some good economic news.
Location: The place where the road & the sky collide
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Here's an update on the Facebook data center.
Facebook facility still under construction helps fuel economy - Data center already putting people to work - The Star Online : The Newspaper of Cleveland County (http://www.shelbystar.com/news/-53051--.html - broken link)
Yes Facebook is coming to Forest City. I for one will be in the area to build the infrastructer. It is an eleven building complex and will bring a lot of business to the area. This job will last for 3 to 4 yrs.
I have mixed feelings towards these types of announcements. Facebook, a company not hurting for money, is going to get a facility that is almost free of local taxation, more tax money from the state worth close to a million bucks, and doesn't have to pay sales tax on the stuff used to build the facility.
According to the article posted above, in return Facebook only has to commit to bringing just 42 jobs to the facility over the next 5 years. My guess is most of the highly skilled work will be done remotely. This seems like a huge expense to the taxpayers without much return for it.
Location: The place where the road & the sky collide
23,814 posts, read 34,678,989 times
Reputation: 10256
Quote:
Originally Posted by yantosh22
I have mixed feelings towards these types of announcements. Facebook, a company not hurting for money, is going to get a facility that is almost free of local taxation, more tax money from the state worth close to a million bucks, and doesn't have to pay sales tax on the stuff used to build the facility.
According to the article posted above, in return Facebook only has to commit to bringing just 42 jobs to the facility over the next 5 years. My guess is most of the highly skilled work will be done remotely. This seems like a huge expense to the taxpayers without much return for it.
It's not that black & white.
Money covers that incentive. There are also grants being made available to businesses to upgrade property, in some instances (not this one). That money doesn't come from the general budget.
I live in Kings Mountain. They are revitalizing the downtown area here. The Lavecchias are putting 2 restaurants into an old former department store here. That building was built in the 1890s & looked every minute of it's age. The other day I drove past it & the difference is amazing!
What you are missing is that 200 -250 construction workers are working on the Facebook project. Reagonomics is backwards. When the construction people get back to work, they can pay bills & spend some money. When they spend money, retail will start hiring, as more people get back to work, money is attracted.
Location: The place where the road & the sky collide
23,814 posts, read 34,678,989 times
Reputation: 10256
Quote:
Originally Posted by adavi215
^I also heard someone say this will produce tax money on the land.
Yes. The data centers are getting a deal on what they already think are cheap property taxes, but the property values are so high that they are still cash cows for the counties.
When the construction people get back to work, they can pay bills & spend some money. When they spend money, retail will start hiring, as more people get back to work, money is attracted.
You are missing one important part.
Private companies (like Facebook) hire those construction workers first when they build and expand. Construction workers do not create their own jobs.
They (Private industry/small business) don't build and expand when there's uncertainty and unnecessary regulations in the market.
Location: The place where the road & the sky collide
23,814 posts, read 34,678,989 times
Reputation: 10256
Quote:
Originally Posted by CouponJack
You are missing one important part.
Private companies (like Facebook) hire those construction workers first when they build and expand. Construction workers do not create their own jobs.
They (Private industry/small business) don't build and expand when there's uncertainty and unnecessary regulations in the market.
Hopefully government will get the message.....
I understand Jack. However I was responding to a poster who has a problem with the incentives to the businesses coming in out here. I think that they are very justifiable.
Off the top of my head we have the following construction sites: The power plant down by Grover, the downtown renovations, the data center, Duke Power, the paper plant & distribution center in Shelby, & Facebook in Rutherford County. That's a lot of construction workers back to work.
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data center around forest city
