Share on Google Plus Share on Twitter
  17
Share on Facebook
  25
Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend
  1
43 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
3 comments

Corporate Welfare: State Taxpayers Pay to Train Workers for Large Corporations

Become a Fan
  (9 fans)
Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; ; , Add Tags

Well Said 2   News 2   Valuable 1   View Ratings | Rate It

Headlined to H1 1/11/12


At www.allgov.com

Taxpayers are increasingly covering the cost of training for a corporation's workforce, without getting any long-term benefit in return. For instance, North Carolina has spent a million dollars for 400 residents to learn skills for working in a Caterpillar factory, in addition to a $4.3 million on a community college program customized specifically to meet the company's labor needs. While the investments are expected to help Caterpillar remain in the state, there are no assurances that will happen. Previously, the state spent $2 million to train employees for a Dell factory. Five years later, the computer maker closed down its operation, costing North Carolina nearly 1,000 jobs. Among the subsidies given to corporations, according to a report by Good Jobs First, are income tax credits, cash grants, low-cost or forgivable loans, reimbursement for worker training expenses and...

Read the rest of the story HERE:

At www.allgov.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
3 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Corporations get our money at every turn but won't... by Judith Stevens on Thursday, Jan 12, 2012 at 12:07:05 PM
You migh be interested in the many proposals prese... by Gary Brumback on Thursday, Jan 12, 2012 at 2:04:44 PM
From Corporate America's point of view, it must be... by Jack Flanders on Sunday, Jan 15, 2012 at 10:34:46 AM