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Old 10-12-2011, 01:07 PM
 
2,630 posts, read 2,071,647 times
Reputation: 1699
Default Another (BIG ONE) flees LI

Bye bye Arrow Electronics. Another one for the "business development" slag heap of Long Island. Supposedly no jobs will go. Hah, right. Heard THAT one before. This place is dying. Layers and layers of ridiculous govt. I can't even blame Town of Hempstead for this one...must be copycat political idiocy. How long before Canon changes their mind and Henry Schein bails out? No business, no prosperity. Spare me the repub vs dem vs lib vs con malarky. It took a coalition of political malfeasance, ineptitude and an apathetic populace to get things to this lame state of affairs.

Arrow Electronics moving NY headquarters to Colo. - BusinessWeek

Last edited by mongoose65; 10-12-2011 at 01:25 PM..
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Old 10-12-2011, 01:13 PM
 
Location: Wallens Ridge
3,131 posts, read 2,397,495 times
Reputation: 17201
Whoa, for a second I thought you were talking about me

Will the last one out remember to turn off the lights.
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Old 10-12-2011, 01:27 PM
 
Location: Islip,NY
11,178 posts, read 7,649,855 times
Reputation: 8859
Quote:
Originally Posted by BigMike50 View Post
Whoa, for a second I thought you were talking about me

Will the last one out remember to turn off the lights.
That's too funny I had to read what you said and what the title of the thread was to get what you meant.
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Old 10-12-2011, 01:58 PM
 
855 posts, read 949,298 times
Reputation: 450
We let a company headquartered on the island with 18b in revenue to leave. Yea Long Island. You deserve a pat on the back. I say vote the crooks out and you're right it's all of their fault.
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Old 10-12-2011, 02:01 PM
 
1,773 posts, read 1,255,635 times
Reputation: 1156
Do you have some inside info as to why they left? Your article says that CO is giving them $11.4 million in tax incentives to move there. Should Suffolk County have matched their offer or something? Who's paying for those tax incentives?
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Old 10-12-2011, 02:24 PM
 
Location: Nassau, Long Island, NY
15,738 posts, read 16,128,091 times
Reputation: 6384
Quote:
Originally Posted by Interlude View Post
Do you have some inside info as to why they left? Your article says that CO is giving them $11.4 million in tax incentives to move there. Should Suffolk County have matched their offer or something? Who's paying for those tax incentives?
Ever since Michael Long was made CEO (2009), he wanted the global headquarters to be in Colorado because that is where he lives.
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Old 10-12-2011, 02:42 PM
 
2,351 posts, read 3,495,766 times
Reputation: 475
Quote:
Originally Posted by Interlude View Post
Do you have some inside info as to why they left? Your article says that CO is giving them $11.4 million in tax incentives to move there. Should Suffolk County have matched their offer or something? Who's paying for those tax incentives?
You can try to run after that lead.... OR.... you can also google the term "least business friendly states" and see where does our beloved New Yawk stand.... (of course we have to be on top) and then go after the author of each article you may find
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Old 10-12-2011, 02:50 PM
 
Location: under the beautiful Carolina blue
8,865 posts, read 9,836,783 times
Reputation: 4831
Colorado must be business friendly because I've worked for a couple of companies on LI that were headquartered there. God know NY is not business friendly.
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Old 10-12-2011, 02:56 PM
 
Location: Nassau, Long Island, NY
15,738 posts, read 16,128,091 times
Reputation: 6384
This one really has more to do with the new CEO not wanting to move away from Colorado than LI being a substandard place to do business. So he campaigned for the HQ move and got the state of Colorado to help out with tax incentives. They are not closing the LI office. They are just going to be using the Colorado office as the HQ from now on.
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Old 10-12-2011, 03:04 PM
 
1,773 posts, read 1,255,635 times
Reputation: 1156
Quote:
Originally Posted by zulu400 View Post
You can try to run after that lead.... OR.... you can also google the term "least business friendly states" and see where does our beloved New Yawk stand.... (of course we have to be on top) and then go after the author of each article you may find
No need, the article itself makes it obvious - CO handed them $11 million to move. And apparently the CEO lives there.

As for NY being unfriendly to business, take a longer look at those studies - they rank NY lower because we don't allow companies to dump as much toxic waste and allow workers to unionize. I guess that's business unfriendly, but by that standard, we could jump to the top of the rankings by allowing businesses to simply enslave people.
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