Red Hat looks to be staying

[wheelsup]

Originally Posted by Beermat

Red Hat is sitting on a $800m cash pile and they hold a gun to the head of Bankrupt NC (with a $3.7Bn deficit) demanding tax breaks or they go to Texas or somewhere else . Maybe it's time these greedy executives get a KUTA out the Governors Mansion front door instead of her wearing a red fedora sucking up to their inflated egos. It would be interesting how much it would cost them to relocate their key personnel away from here, and if they would take the earnings hit, as the business case for relocating elsewhere would be marginal at best

I wish we were all like RedHat, the taxes we pay in NC are growing substantially every year from one of the highest income taxes to highest sales taxes. If I were RedHat or any other large business I would be looking to move, the way NC spends it's tax dollars are none of their concern and the fact that NC can't keep their spending in check isn't their problem.

[Sherifftruman]

I am of two minds regarding the incretives game. It really should not be done at all, but as long as other places do it, unfortunately we have to do it to compete. I do have firsthand knowledge of one other situation a few years ago where a company with operations here had already decided to expand by taking over some buildings on RTP, then a couple of months later acted as if they might go elsewhere unless they got incentive money. Definitely not what that tax money should be used for.