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After meeting with consultants and business leaders today, Guilford County commissioners appear ready to lift their moratorium on economic incentives. We'll have a story in tomorrow's paper.
Incentives are always a hot-button issue, so we'll ask you. Should the county lift the moratorium? Or should commissioners keep it in place as they review their guidelines for doling out taxpayer money to companies?
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Comments (3)
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Incentives should be done away with. If your going to hand out millions to create a few jobs worth a couple of hundred thousand, why not give the money back to the tapayer and cut the companies out all together? If you want to do incentives, then these companies must sign contracts with the county to stay for many, many years. If they are not willing to create jobs and keep them here, then let someone else help fund their money machines. Incentives are the equivilant of my paint contracting business paying customers for work so I can do business with them. It just doesn't make any sense.
Posted on August 11, 2006 7:31 PM
I regret that incentives are probably a necessity. But they should be restricted and used with discretion. It is inappropriate to use them for retail or residential development-- as we have seen done or advocated here recently. They should only be used for other permanent expansions of our job base.
Posted on August 13, 2006 6:59 PM
I regret that incentives are probably a necessity. But they should be restricted and used with discretion. It is inappropriate to use them for retail or residential development-- as we have seen done or advocated here recently. They should be used only with extreme caution and sparingly among existing employers. They should primarily be used for other significant permanent expansions of our job base with new employers starting up-- with a potential promise of solid, stable employment into the future.
Posted on August 13, 2006 7:03 PM