Thursday, May 15, 2014

Banana Republic

Basically we're just moving approximately 100 jobs about 80 miles to the west so that Bobby Jindal can hand out another multimillion dollar corporate incentive package.
The article goes on to quote a private business owner that employs 10 people that will be impacted as well so the math indicates Mississippi has lost around $1.3MM in annual rental payments plus somewhere between 100 and 110 jobs. To get that, Louisiana’s taxpayers are now giving Chiquita around $1.3MM in annual tax subsidies to nab those 110 jobs. Leaving aside the imaginary line that is the state line, this deal takes money out of the local economy on two levels.
Seems legit. 

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