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We get it. You'd rather the jobs had gone to South Carolina. I don't know what kind of business owner you are, but I'm sure there are several small business owners out in Balyntyne who are very happy about this.
This is not about me. I am not unemployed. I have my own business(es).
My point is . . . regardless of the taxes someone may pay who moves here, and the domino effect their discretionary income will do for retail, etc. . . the facts are: we have thousands of folks LIVING HERE NOW (and who cares how long they have lived here!) who NEED A JOB. Many of those people are using up other state resources, from Medicaid to unemployment compensation - plus are losing their standard of living as each month goes by (pressing some into foreclosure, state and local assistance, and bankruptcy).
Better to get the people HERE NOW back to work so they can pay their rent, their mortgages, their taxes - and give up foodstamps, Medicaid, subsidized housing, etc.
Well what do you propose, in that case? You seem opposed to using incentives for such a company.
Would you rather use incentives for a factory that will probably leave in 5 years to China? Tax dollars to employ people (government jobs) for pet projects?
We get it. You'd rather the jobs had gone to South Carolina. I don't know what kind of business owner you are, but I'm sure there are several small business owners out in Balyntyne who are very happy about this.
Geeeez, Blue. Why get so personal????
All the whoopla about JOB CREATION FOR CHARLOTTE RESIDENTS is what I am poo-pooing. The Governor's office is trying to make this into a JOB CREATION celebration and my point is . . . jobs for whom???? Bev has made all these promises (and more than a few concessions!!!) about getting folks back to work . . . and I am simply stating . . . the folks who are expecting her to deliver on that promise LIVE HERE - and are still waiting.
I know I haven't posted here much in the last year, but for the previous four or so years, I have been a strong proponent of small business development (especially) in this region - can't believe you have forgotten that.
I am just not holding my breath that this is gonna provide jobs for Charlotte residents. I am not saying it isn't a worthwhile venture, nor am I saying it is not a worthwhile endeavor for the university.
Well what do you propose, in that case? You seem opposed to using incentives for such a company.
Would you rather use incentives for a factory that will probably leave in 5 years to China? Tax dollars to employ people (government jobs) for pet projects?
The money the state is giving this company is 60% of their estimated income tax collection from the new jobs. So the state is still up the other 40% making this deal a net positive. If they company does not live up to its promise, the state built clawback provisions into the grant allowing them to get the money back.
Not to mention the company will be building here and investing $4 million which will support construction related jobs in the short term.
*The bigger news is that this is just one more energy company who has decided to call Charlotte home which adds another important piece to the goal of becoming the energy hub of America.
The money the state is giving this company is 60% of their estimated income tax collection from the new jobs. So the state is still up the other 40% making this deal a net positive. If they company does not live up to its promise, the state built clawback provisions into the grant allowing them to get the money back.
Not to mention the company will be building here and investing $4 million which will support construction related jobs in the short term.
*The bigger news is that this is just one more energy company who has decided to call Charlotte home which adds another important piece to the goal of becoming the energy hub of America.
Good points. I think it will be a good venture for the area: i just don't believe 135 folks living in Charlotte will get jobs there.
....
*The bigger news is that this is just one more energy company who has decided to call Charlotte home which adds another important piece to the goal of becoming the energy hub of America.
Actually they don't care about Charlotte at all. It should be clear enough they were willing to go where ever there was the biggest handout. These things never panout BTW. I cited two examples above that were complete fails, but there are plenty others. Where was Beverly Purdue last week when IBM was laying off people all over NC including here in Charlotte? And last March and last Nov. etc etc. I bring her up because she was taking credit for an earlier state incentives given to them to bring jobs to NC.
There isn't one person yet who has responded, with some proof, that these taxpayer funded handouts do anything beyond lining the CEO and executive staff's pockets with money. (the ones who come up with these schemes)
It would be interesting if one of the news organizations reporting these energy related job announcements would take the time and do some follow up investigations, and report on how many jobs were actually created.
My personal opinion is that the actual results are less than promised. If you dig a bit deeper into some of the announcements made by Toshiba, Westinghouse, Siemens, Shaw, ect over the last 4 years, you will see inconsistencies in the numbers.
I contacted reporters at the Observer and Business Journal, requesting clarifications and follow-ups, but never received any responses.
I was just at the announcement at UNC Charlotte. Although its only 135 jobs, they are high paying and the governor hinted and bigger and better things to come with this partnership.
Kudos to our city, county, and state officials for this addition to Charlotte (they are moving from SC):
Mitsubishi Nuclear to add 135 jobs in Charlotte | CharlotteObserver.com & The Charlotte Observer Newspaper (http://www.charlotteobserver.com/2011/05/31/2339896/mitsubishi-nuclear-to-add-135.html - broken link)
Great thread. I am gonna post the link to the thread I started with Charlotte and its emerging Energy Hub. Things are really picking up steam.
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