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Dems can't wait to get in power and regulate these jobs out of the country.
I can hear them now.
We need to help the poor countries of the world and until we become one we don't deserve jobs.
The Iowa Board of Economic Development unanimously approved $19.6 million in tax incentives from the state to build the $1.375 million project, which will employ about 50 people, and the city of Waukee plans to provide a property tax abatement of 71 percent over 20 years with an estimated value of $188,239,943.
The total value in state and local benefits for the project adds up to $207,889,943.00, which means that $4,157,798.86 in state and local funds will be used for each of those 50 jobs. The employees must be paid at least $29.12 per hour as part of the incentive agreement with the state of Iowa.
States routinely offer incentives to companies to move. They don't want their citizens on welfare. If they make a good wage they spend it locally. Why do you think Texas is booming and many companies are leaving California for Texas?
The Loony Left wants more welfare recipients to vote Dem. They only care about their own pockets and not the residents of their states.
The Iowa Board of Economic Development unanimously approved $19.6 million in tax incentives from the state to build the $1.375 million project, which will employ about 50 people, and the city of Waukee plans to provide a property tax abatement of 71 percent over 20 years with an estimated value of $188,239,943.
The total value in state and local benefits for the project adds up to $207,889,943.00, which means that $4,157,798.86 in state and local funds will be used for each of those 50 jobs. The employees must be paid at least $29.12 per hour as part of the incentive agreement with the state of Iowa.
The person who wrote the article isn't exactly objective.
What you quoted above would only be completely true if there was another company wanting to develop that land that didn't insist on those tax breaks. What if that land continued to be a cornfield?...If so, it wouldn't have the significantly higher valuation that the Apple buildings would bring, and thus no much higher property tax that could be abated.
You also conveniently didn't quote other paragraphs:
"Google, Facebook, and Microsoft have already built billion-dollar data centers in Iowa. Like Apple, they were drawn to the state by its generous tax breaks, wind-generated electricity and relative security from natural disasters that could disrupt service. The project is part of a greater movement to make Des Moines a technology corridor within the United States".
and
"To sweeten the deal. Cook promised to invest $100 million for a public improvement fund to rebuild infrastructure, streets, parks, libraries and a youth sports campus that will host community and high school games and will feature a greenhouse, playground and fishing pier."
"While Apple has data centers all across the country, it has never made such a large community contribution."
At least the author was objective enough to include the following:
"But Matthew Mitchell, an associate professor of international business and strategy at Drake University, said the incentives are part of doing business, and even with a tax break, the new center will have a huge economic impact.
"When I see the 71 percent abatement, I also think it's about 29 percent revenues that didn't exist the very previous day," Mitchell said. "You have the prestige of doing business with one of the most successful companies in the world"
Will it house all the data they've collected on us? Fingerprints, contacts, emails, text messages, photo's, etc.
Every time you ask Siri where to find the best hookers, those queries (linked to your account/device) have to be stored somewhere. It'll be in Iowa.
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