Posted on 11/30/2011 2:32:35 PM PST by Libloather
$22 million incentive package helped bring Chiquita to Charlotte
By: Becky Bereiter
Updated 1:12 PM
CHARLOTTE — More information is being released about incentives package that helped persuade Chiquita Brands International to move its corporate headquarters to Charlotte.
Chiquita CEO Fernando Aguirre is not hiding the fact that the $22 million incentives package played a major role in bringing the company to the Queen City. $20 million came from the state and $2 million came from the city and county.
Aguirre said in order to get the $22 million in incentives, the company has to meet a number of requirements. Primarily, bringing a minimum of 375 jobs to the area, about half anticipated to be filled locally.
In exchange, the company will invest $14 million in its facilities in Charlotte. Some people feel the deal is bit lop sided but Aguirre said the company's investment goes beyond that.
(Excerpt) Read more at charlotte.news14.com ...
Big f’ing deal to grab jobs from sister citizens. How about getting factories from China for Americans.
Chiquita headquarters to leave Ohio"
I think it's because Charlotte is closer to Mexico, where they'll truck in the Illegals to cut the labor costs.
We need flat taxes for businesses too.
No more favoritism!
This stuff needs to be outlawed. You make an offer thats open to all businesses.
picking winners and losers should be illegal. They should have a flat tax for all business. Just make your local tax structure better than the competitors but it has to apply to all businesses.
Thats what I think.
How in the hell does anyone justify spending tax payers money like this, this crap should be a hanging offense.
Ah, moving from the Queen City to the Queen City.
Maybe that makes the Chiquita people feel better about it.
Ohio’s used to this. For the last 60 years, cities all over the country have been getting businesses to move from Ohio.
You should take a look at the history of how Atlanta ‘stole’ NCR whose home was Dayton, Ohio from its beginning.
It all started with TARP money.
And a CEO who never lived in Dayton, hobnobbed with the likes of the CLintons (holding fundraisers for prominant DEMS) and basically considered Dayton employees to be rednecks -
First the employees learned about it was when someone was browsing and came across an announcement in the Atlanta paper. Of course our Dem Governor at the time, Strickland, couldn’t do a thing to stop it.
He couldn’t even manage to get a space shuttle for our Museum of the US Air Force, which is an amazing facility with free admittance, unlike the 3 locales on the East Coast who are each getting a shuttle.
OK I’m rambling, but it has been sad watching all the automative and other manufacturing leave the state. If Ohio goes for Obama again, I may have to move.
This is the nonsense called “economic development”, and every state, city, and even small towns practice it. It’s no different from Soviet-style 5-year plans, but everybody (especially the Chamber of Commerce types) swoon over it. We all have our local economic development bureaucrats who get to take nice trips at our expense to schmooz with business people in other states. If I owned a business, I would be incensed that my tax money was being used to lure competitors to my area.
Oh, and like all central planning, it always fails miserably in the long run.
bump
The final nail in the coffin was Cincinnati electing an all dem (but for 2 GOP) city council in November. NO WAY those leaches would put together an incentive package to keep the business in downtown Cincinnati.
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