Blaze
Dances with Hate
Joined: 17 Jul 2004
Posts: 787
Location: AO1
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 Posted: Sun Jul 03, 2005 1:50 am Post subject: North Carolina residents sue Dell to keep their $270m |
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North Carolina residents sue Dell to keep their $270m
By Ashlee Vance in Chicago
Published Thursday 23rd June 2005 23:45 GMT
http://www.theregister.co.uk/2005/06/23/dell_nc_suit/
A watchdog blasted Dell and the North Carolina today in a lawsuit aimed at rolling back huge incentives designed to lure the computer maker to the state.
Robert Orr, executive director of the North Carolina Institute for Constitutional Law (NCICL), alleged that Dell used fear tactics and unfair bargaining to win $240m in tax credits from North Carolina and another $37m in local subsidies from the city of Winston-Salem and Forsyth County. The state and local bodies hoped such perks would entice Dell to build a new PC manufacturing plant in North Carolina - an area punished a loss of manufacturing, textile and farming jobs. NCICL filed the lawsuit on behalf of seven individuals who want a court to decide if using tax revenue to fund such grants is constitutional.
"I think you know the ability for a large corporation to play around with the state," Orr said, during a conference call. "People are desperate to bring in good companies, and (the vendors) use this fear - this need of jobs in a state - to play one state off against another and literally to keep raising the ante and raising the ante until they max out and in some instances (the company goes) ahead and makes the move they were going to make regardless of the incentives."
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More at the link at the top.
Oh and Ashlee, YOU ROCK !! |
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