460 High Paying IT jobs coming to Tempe (fit in, mortgages)

[azriverfan.]

Great News for the Valley job market! It's not only nice to see jobs returning but high paying white collar jobs. More good news for the Valley. Looks like the growth is back baby!

The county Board of Supervisors on Wednesday approved a $1 million grant to Silicon Valley Bank, a commercial bank based in Santa Clara, Calif., to open an information-technology operations center in downtown Tempe that, over seven years, would create 460 jobs with an average annual salary of at least $88,000.
Read more: IT center to bring 460 jobs to Tempe

[Bondurant]

Something tells me the Silicon Valley Bank does not need a $1 million handout.

[azriverfan.]

Originally Posted by Bondurant

Something tells me the Silicon Valley Bank does not need a $1 million handout.

It's called an investment. If you want to bring jobs to the Valley, you need to pay up. And that 1 million handout is well worth it. Texas has been doing that for decades and they are never villified for it and are praised for being a leader in job growth and economic development but when Arizona does the same thing, it is held to a different standard and deserves to be criticized.

[Howard Roark]

Wow. $88k average salary is good thing. I saw the headline before but have been skeptical until seeing this number.

It's a good start. Hopefully those jobs will last longer than mortgages and their salaries will keep up with inflation (skeptical grin now).

[Bondurant]

Originally Posted by azriverfan.

It's called an investment. If you want to bring jobs to the Valley, you need to pay up. And that 1 million handout is well worth it. Texas has been doing that for decades and they are never villified for it and are praised for being a leader in job growth and economic development but when Arizona does the same thing, it is held to a different standard and deserves to be criticized.

To you it's an investment. Feel free to donate to the cause. To me it's wealth redistribution. I had no say when money was stolen from me and no say in handing it over to Silicon Valley Bank. I could care less what they do in Texas. I don't live in Texas. I don't pay taxes in Texas.

Offer them a lower tax rate. I'm cool with that. Don't give them my money.

[slackjaw]

Spending money now in hopes that it will bring a greater benefit in the future is indeed an investment.

Also, paying taxes is not stealing and in a representative form of government you do indeed have say when you cast your vote for board of supervisors that made this decision. It is absurd to think the leaders we have elected to make these decisions should be asking each citizen's approval for every decision they make.

I'm not going to attempt to do napkin-math on this but supposedly one 88k job creates x additional lower paying jobs thru their use of local services and products, not to mention the strong taxpayer base.

[Howard Roark]

I see what you're saying Bondurant. I am opposed to taxpayer dollars used to attract any industry or be job programs. However, once done, it's done. I vote down every bond measure in every election and I vote libertarian, and I am aware AZRiver is a libertarian too and does not really want this to go out of hand.

[43north87west]

Good news. I work in Chicago, but it's my field and expansion is always welcome in my own city.

[azriverfan.]

Originally Posted by Howard Roark

I see what you're saying Bondurant. I am opposed to taxpayer dollars used to attract any industry or be job programs. However, once done, it's done. I vote down every bond measure in every election and I vote libertarian, and I am aware AZRiver is a libertarian too and does not really want this to go out of hand.

I am a libertarian and as a libertarian, I like this form of expenditure because it's not a government handout. It's an investment that is going to create jobs, increase consumer spending which leads to formation of more jobs and will ultimately make me more money in the end. I hope this gets out of hand. We need more of this to create jobs.

This is not charity.

[Captain Bill]

Good jobs is what we need, and I applaud any incentive given to corporations to bring their jobs here. Bringing silicon valley type jobs here should attract more of the same, which should benefit everyone in the valley.