Apparently, the Triangle is struggling for jobs. Or is at least struggling more than the more rural parts of the state. Why else would the state be giving $5.6 million to lure 300 jobs to poor, desolate, struggling Cary. It seems that any town that can afford to give a company $500,000 of taxpayer money in corporate welfare isn’t really hurting for jobs all that much, are they?
So why exactly are we subsidizing jobs, when according to the N&O:
The expansion underscores the strength of the health-care sector,
even amid a slumping economy, and its growing role in this state and
region. The aging population has increased demand for medical services
and technology, benefiting companies in that sector.
those businesses have come to North Carolina in search of the talent
necessary to develop equipment and drugs. The state is the nation’s
third-largest hub for biotechnology, as measured by the number of
companies. Much of that activity is centered in the Triangle.
Let’s see… rapid growth in health care sector, aging population, high need for the services and many similar businesses already located in the area.
Seems like the market is showing there is already a need for these jobs, so why exactly are we paying Siemens to do something they were going to do already?
The company’s own growth is fueled by acquisitions and rising demand
for medical imaging, scanners and other technology it makes. That, in
turn, has increased the need for hospitals and its own employees to
improve their skills on the equipment.
"They’re expecting a lot
more people going through there for training," said Tom Schaffner, a
spokesman for Siemens Medical Solutions in Malvern, Pa.
Oh, there’s increased market demand for these products and Siemens is expanding to fill that role. Hmm… growth in the market, more opportunity to make money, need to expand already there to keep up with growth. So, why exactly are we subsidizing them?