Monday, October 07, 2013
Local Business Expansion With Negative Job Growth Picks Up Taxpayer Funding
If you think like I do that the WEDC is wasting taxpayer money trying to create a single job (jobs are created by demand), you might not want to continue reading.
According to this story from the Janesville Gazette, a prominent Janesville business picked up a $1.5 million taxpayer funded “package” to help pay for site improvements of their business expansion. The package, approved by the Janesville City council earlier this year, was hinged to a guarantee that the company keep a minimum of 130 jobs over the next seven years. They currently employ 140.
Of added importance here is that the City of Janesville accepted a check from the Wisconsin Department of Transportation for $650,000 (grant) earmarked for work on a frontage road and a railroad spur for the business. The business owner is a donor to Scott Walker and defender of the Rock County 5.0.
Besides the obvious lack of promise for any new long-term jobs in exchange for the taxpayer contribution, there seems to be an expanding and disturbing effort by local media and government officials to act as a surrogate on behalf of business elites to shield them from being accused of accepting government funded largesse.
We are in reverse.
RNR - Paradox? Local Conservatives Demand Large Government Role For Economic Growth
Posted by Lou Kaye at 12:02 AM