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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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  •  A contract, maybe? Saying that if the company (3+ / 0-)
    Recommended by:
    defluxion10, Utahrd, Cassandra Waites

    doesn't create x amount of jobs or leaves before a certain number of years pass then the company pays the city/state for the lost revenue?

    "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White -6.00, -5.18

    by zenbassoon on Mon Dec 03, 2012 at 04:02:58 AM PST

    •  That's what happens here (in theory) (0+ / 0-)
      an Ogden-based manufacturer of carbon fiber composite products, will get a $1.3 million post-performance tax break if it creates 342 jobs over seven years that pay at least 125 percent of the Weber County average wage.
      Here's how our Corporate Welfare works.

      And these bike parts are going to slightly increase global warming.  No one makes complete bicycles in the US any more.  Many of these parts will be sold as aftermarket parts in the US.

      But some of them will be sent to the other side of the world and added to bikes whose production was outsourced from the US to Asia.

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