Dell, Google, now Inspiration Networks joins the list of unfulfilled incentive promises.
Thankfully, this one is South Carolina's problem, not ours. But it is just one more example of the folly of the incentive game.
South Carolina pledged $26 million in incentives to Inspiration Networks, a non-profit religious broadcaster, to move its campus from Charlotte across the border a few miles to South Carolina.
Turns out, the network's owner is paying himself $1.5 million a year and is currently building a $4 million, 9,000 square foot lake-front mansion. Not bad for running a non-profit.
Somehow, our state Department of Commerce dropped the ball and didn't ante up to pay to keep the network instate.
The Charlotte Observer has done an entire series on this entity and its failure to live up to the promises that gained it the incentives.