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07-01-2008, 06:49 AM
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Location: Charleston, SC
5,615 posts, read 14,213,279 times
Reputation: 2555
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I have no idea why a company would want to invest there, when they can do it elsewhere for much greater returns...
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07-01-2008, 11:03 AM
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4,709 posts, read 12,115,908 times
Reputation: 3805
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Would somebody turn out the lights at the UAW hall?
Now watch TN and AL get into a free-for-all to beat out the other in "incentives" to land the VW plant.
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07-01-2008, 11:24 AM
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Location: The Frenchie Farm, Where We Grow 'em Big!
2,079 posts, read 6,541,004 times
Reputation: 1084
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That's how they do it. Look at California and Tesla. Huge Incentives!
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07-01-2008, 11:24 AM
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Location: Londonderry, NH
41,478 posts, read 57,334,893 times
Reputation: 24829
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The fact that states are "bidding" for a company is the prime example of how turned around our economy has become. Companies should have to convince a state that the company would provide enough benefits and taxes to be allowed to set up in a state.
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07-01-2008, 11:30 AM
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Location: The Frenchie Farm, Where We Grow 'em Big!
2,079 posts, read 6,541,004 times
Reputation: 1084
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Count Michigan out than!
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07-01-2008, 02:27 PM
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48,504 posts, read 93,327,773 times
Reputation: 18269
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It been like that for decdes really.
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07-01-2008, 02:37 PM
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Location: RSM
5,113 posts, read 18,981,200 times
Reputation: 1925
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Quote:
Originally Posted by GregW
The fact that states are "bidding" for a company is the prime example of how turned around our economy has become. Companies should have to convince a state that the company would provide enough benefits and taxes to be allowed to set up in a state.
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this is how you attract commerce and generate jobs and tax revenue. every level of government has been practicing this for a long time. long beach california signed a deal with best buy into the long beach marina that had tax benefits for best buy. el paso texas has been doing this for years attracting tech companies using land deals and tax breaks to attract corporations. theres a huge list of cities, counties, and states that do this and honestly its not a problem for me. it generates jobs in places that want them. detroit would do this if they wanted to. michigan could. but they dont. |
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07-01-2008, 02:44 PM
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Location: Floribama
18,552 posts, read 40,070,237 times
Reputation: 18106
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Auto workers in Alabama make about $17 per hour, not a fortune, but a good livable wage. Workers in Michigan would demand $27 per hour or more. It's happened for awhile, but a company can't pay people almost $30 an hour for factory work and survive. The cost of living in Michigan is WAY off balance with the industry there and that's why we're seeing this happen. Frankly, I'm surprised VW isn't looking at Mexico.
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07-01-2008, 03:32 PM
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Location: The Frenchie Farm, Where We Grow 'em Big!
2,079 posts, read 6,541,004 times
Reputation: 1084
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The reason why they're not choosing Mexico is the cost of shipping. A lot of non-auto manufacturers that cater to the US are packing up their factories and moving back to the US. A few companies have moved from China back to the US b/c the shipping quadrupled in two years. The shipping co. increased their payments b/c the price of fuel and created a snowball effect. We all know how that goes when were shopping now! $$$$$$$$
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