I know it seems like we’re writing a lot on incentives, but some of this stuff is just too good to be true.
Take this article from today’s Triangle Business Journal detailing a cash handout from the Governor in the amount of $60,000 from the One North Carolina Fund to Unilever to add 25 jobs to its plant in Hoke County. And since it’s from the One NC Fund, the county and city has to match the state amount, so the total grant is $120,000.
Well, here’s the kicker… That specific plant has cut almost 400 jobs in the past 3 years! Now they are getting paid to hire them back!
The lows keep on being eclipsed in this incentive game. Hopefully they will end soon.