Healthcare rhetoric may have dominated the news cycles, but that hasn’t slowed down the pace of taxpayer funded giveaways. Here’s the latest from NCICL: 200,000 in incentives is being sought by Tri Vantage from the Alamance County and the City of Mebane. Tri Vantage, a division of Glen Raven Inc. of Burlington, is an international supplier of specialty [...]
- Mar15
Paying For Jobs
Nary a day passes that legislators or local officials don’t find a way to say that it’s government’s job to create jobs. The lack of free-market understanding and lack of a principled approach to job creation is staggering. The most recent and ludicrous example was highlighted today by the good folks over at the NC [...]
- Feb26
Thank You Dell
Graciously, Dell has decided to keep its doors open until July of this year. You remember Dell, the company that the state gave in excess of $250 million worth of tax incentives and promises to in late 2004 to lure into the state. With only five years gone by since Dell opened its doors here [...]
- 1Jan26
Speaking of Incentives…
Following up on Chad’s post, check out this new article at nccivitas.org listing North Carolina’s 10 largest corporate welfare deals. When you begin to add up the promised tax breaks and handouts, the numbers become a bit staggering. The Dell deal tops the list with a total state deal of $260 million (how’d that work [...]
- Nov02
More Problems For Incentives In NC
It shouldn’t come as a surprise to anyone, although it still does somehow, that incentives aren’t really working. After the Parton fiasco, the Dell dilemma and the horrific performance of dozens of local and state incentive giveaways we now have a group saying that even GoldenLeaf (yeah, I’m trying to keep a straight face too) [...]
- Oct22
Dell to Cost Taxpayers an Additional $53 million
In what has to be seen as a somewhat bizarre and highly questionable decision, the NC DOT has decided to continue with its plans to expand a Winston-Salem road that leads to the soon to be empty Dell manufacturing plant. From today’s W-S Journal: Even though Dell said earlier this month that it will close [...]
- 1Oct12
Incentives = Craps?
Gambling is always more fun when you’re using other people’s money isn’t it? Well, for Sen. David Hoyle (D-Gaston) playing a game of craps with your tax dollars is perfectly acceptable. After the failure of Dell has rightly focused attention on the use of incentives to recruit business, Hoyle equates the incentive game to gambling: [...]
- 1Oct07
Incentives Failure Is Huge!
November 8th, 2004 lest we forget: RALEIGH, N.C. — Gov. Mike Easley signed into law on Friday an incentives package designed to lure Dell Inc. to build an East Coast computer manufacturing plant in the Triad. The bill, which provides for most of the $242 million deal being offered by North Carolina to the computer giant, [...]
- 1Oct07
Incentives Failure
Like we couldn’t see this one coming… Per the N&O: Dell plans to close its computer manufacturing plant in Winston-Salem by January, and lay off 905 employees. Dell opened the assembly plant in 2005 and was offered a massive incentives package valued at $305 million if it met hiring and investment goals. The project was [...]