Now we have yet another farce with respect to the lunacy of incentive giveaways. The state has argued for years that the incentives are actually grants for jobs created and new money spent, but if Dell is actually returning money, and they are. . .
The Department of Commerce said Tuesday that the company fully returned grant payments (of $1.5 million) from 2006 and 2007. Officials in Winston-Salem have said the company is also in the process of repaying $26 million in local incentives.
. . then we have to assume that money was given with NO benefits received for the state. It was simply gambled away to a favored company by a foolish legislature and all too eager Governor. The state was fooled, plain and simple and it doesn’t stop there. With Google, Apple and others in the periphery, is North Carolina getting what it gambled for???