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Ct is doing the right thing. This industry needs low cost, as it did pre Newtown, too. Sturm is well managed-the execs and high paid corp hq in Fairfield County where they can meet Wall St analysts to promote their cost cutting moves, the mfg for decades now in low cost Az..near the border.so if they want to get components or extra cheap labor..the threat is imminent and nearby..and that contains labor's zeal to try to get high raises. (Sturm's top 5 execs make in 1 year what 37 PTR employees make in 3.7 years, before counting the execs bonuses and stock options.)
2,200 Ct jobs in gun mfg..of over 1.5 million, and the industry median wage is less than the Ct median.
Now Ct should fight dearly for UTC, the many insurance companies, UBS, etc, keeping jobs there.
But this industry is no longer a job engine. It is best left to the "middle of nowhere" towns where 37 low paying jobs matter.
You think it ends with guns?? Really?? Firearms are the tip of the iceburg...
37 or 1500, I am sure SC will take the jobs and be happy to have them....
How many jobs will CT gain from this??
A few jobs will be lost-with no effect on the economy. Its just 1.37 million in payroll, at 17.75/hr in a high COL area, these employees might have been getting food stamps and other welfare type stuff from the rest of the citizens.
I'd be livid had Tn paid attention to this itty bitty firm. I prefer getting new VW plants, getting Nissan's hq, getting LP's hq, etc.
Leave the runts for states without a real economy.
You think it ends with guns?? Really?? Firearms are the tip of the iceburg...
It's all emotion-the whole PTR nonsense. It has nada to do with the knowledge economy, and that is where smart states focus. That is the future of America.
It's all emotion-the whole PTR nonsense. It has nada to do with the knowledge economy, and that is where smart states focus. That is the future of America.
Should we look at the smart states balance sheets??
A few jobs will be lost-with no effect on the economy. Its just 1.37 million in payroll, at 17.75/hr in a high COL area, these employees might have been getting food stamps and other welfare type stuff from the rest of the citizens.
I'd be livid had Tn paid attention to this itty bitty firm. I prefer getting new VW plants, egtting Niassan's hq, getting LP's hq, etc.
Leave the runts for states without a real economy.
Yes, blame the State because a small company wants to move there.
Should we look at the smart states balance sheets??
We should look at all states balance sheets, and few look good. But long-term, if you are not creating an ever more educated workforce, you are already insuring your own future demise.
With an 8% unemployment rate (worse than US), and lower than average median income I understand why SC wants PTR.
When they get something like Sturm Ruger's headquarters, than, and only than, would they have something truly special regarding corp relos.
Note: SC citizens know this is not significant. I searched for threads with the title PTR in them; NONE exist on SC's board.
Not sure why you think it necessary to disparage my state, but if that makes you feel like a bigger man, so be it. South Carolina has been growing quite a bit in recent years, attracting lucrative businesses, and still manages to keep taxes low. So, for me, I like living in South Carolina. However, the beauty of this country is with various states offering different styles of governing, we can choose to move to state that better shares our philosophy. Right now, people from states like Connecticut are flocking to states like my own (psst - and even to Tennessee). Long term, this will be an issue for a state like Connecticut.
Not sure why you think it necessary to disparage my state, but if that makes you feel like a bigger man, so be it. South Carolina has been growing quite a bit in recent years, attracting lucrative businesses, and still manages to keep taxes low. So, for me, I like living in South Carolina. However, the beauty of this country is with various states offering different styles of governing, we can choose to move to state that better shares our philosophy. Right now, people from states like Connecticut are flocking to states like my own (psst - and even to Tennessee). Long term, this will be an issue for a state like Connecticut.
Quoting stats is disparaging -how?
At this time, SC has one F500 hq. I hope it does change. I hope you get more. But having your economic development folks go after just low hanging fruit is not a game changer. Tn, even Nashville metro, was like that pre Bredesen (ex mayor and gov). 31 corp relos, most large hqs or regional hqs later- we had added 200,000 jobs via that method inside 7 years, and those relos Tn median salary exceeded our previous median salary level. Our tax base swelled. We maintained low taxes, while improving our business climate.
I understand Perry-he is not courting the tiny corps. Hopefully, SC put little effort on PTR. If they put a lot in, the ROI will stink. Do the math-37 jobs, 17.75 Ct median, 80% net to gross pay, 20% spent on discretionary stuff that will impact SC. About 250k a year..chump change.
We should look at all states balance sheets, and few look good. But long-term, if you are not creating an ever more educated workforce, you are already insuring your own future demise.
So now you are stating that people in the southern states are not well educated? That somehow our universities don't turn out some of the brightest minds in the country? I have a news flash for you... Ivy league educations do not make one intelligent or prepare one for the work force..
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