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View Diary: Corporations get billions from cities and states but they often don't keep their end of the bargain (135 comments)

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  •  Hear, hear! (9+ / 0-)

    I've been watching GE slowly strangle NY state with financial blackmail: "Give us more money and more tax breaks, or we'll send all the jobs out-of-state. In the end, they got the money and only sent some of the jobs out-of-state. Now Cuomo's getting into the same deal with chip-fab companies like Global Foundries. He wants his own "Massachusetts Miracle" to take with him to Iowa and New Hampshire in '16. :p

    "If you're going to go down with the ship, make it a submarine." - Wayne Shorter

    by Oliver Tiger on Mon Dec 03, 2012 at 04:22:16 AM PST

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    •  Voters here in Tulsa just rejected a $750 million (11+ / 0-)

      sales tax package about half of which would have been used to upgrade airport facilities leased to American Airlines, a smaller airline and a bus company in an effort to head off AA's threat to lay off more than a thousand workers at their maintenance facility here. We have a long history of tax support for AA, but voters have become skeptical of its utility which is why the proposal was designed to upgrade the citizen-owned facilities rather than provide direct tax relief to AA. About half of the proposal was intended for vague "quallity of life" expenditures, upgrading our zoo, libraries, etc., but the kicker was a "deal closing" slush fund to be used for future efforts to draw business to Tulsa.

      Our unemployment rate here has been significantly below national averages throughout the last decade, the overall proposal was extremely vauge and hastily prepared in response to AA's latest threats, and we won't finish paying off the last package until 2017. AA later did announce a smaller number of layoffs and negotiated wage and pension cuts with remaining employees. Who knows how a higher unemployment rate might have affected the vote?

      “Social Security has nothing to do with balancing a budget or erasing or lowering the deficit.” -- Ronald Reagan, 1984 debate with Walter Mondale

      by RJDixon74135 on Mon Dec 03, 2012 at 05:51:17 AM PST

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      •  And though USAirways only got 4 million in $$ (7+ / 0-)

        from Allegheny County, PA (according to the database), I got the impression that the huge new airport was built about 20 years ago specifically to accommodate USAirways, which was using Pittsburgh as a hub.

        After 2001, the airline dumped the Pittsburgh hub, and the once-humming airport is a wasteland. From four or five computer screens full of flight announcements--now down to one-and-a-half. There's no Starbucks--how about that for an indicator of a dead zone?  

        In short, all the commitment seems to have been up front on the taxpayers' side.

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