Incentives for a company to move from Greensboro to High Point
I'm all for having the regional headquarters for La-Z-Boy in High Point.
I'm very uneasy with High Point offering $600,000 in incentives to lure the 120-employee operation ... from Greensboro.
La-Z-Boy and subsidiaries American Drew, Lea Industries and Pennsylvania House have offices on Grandover Parkway.
Maybe all is fair in this game. Furniture is High Point's business, and High Point should grab a big furniture player if it can.
But the ideal economic development story is one that benefits all of Guilford County. This won't be one of those.
Comments (2)
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What are the incentives contingent upon? Is the city just paying $600,000 for a brand name?
And...
Anybody look at La-Z-Boy's earnings lately? Check those out.
If we were talking about full corporate headquarters, I might not ask those questions. This is regional.
Posted on November 2, 2006 2:38 PM
The only surprise here is that the County Commissioners didn't kick in a couplle of hundred thousand dollars to ice the deal. They claim that as another coup.
Posted on November 3, 2006 12:45 PM