A running joke from my college days was that you didn’t buy beer, you could only rent it. The same may be true for jobs created through typical state and community incentive plans.
CCS Medical announced they were laying off over 100 Tampa Bay area employees and moving their headquarter operations to Texas.
The reason given in a CCS press release was that “Selecting Texas for our corporate relocation was an easy choice. The state of Texas has a superior business climate and a strong workforce.”
In other words, “The Texas Workforce Commission has committed up to $506,000 in training funding; and the City of Farmers Branch is providing $250 per job created, up to $37,500, in direct incentive funding for the corporate relocation.”
Perhaps the prime goal of the new Hillsborough Economic Prosperity Stakeholder Committee should be to increase area employment in such a way that incentivized job-creators don’t later take the money and run.
Unless the true value of doing business in our Bay Area is more than just the value of bribes, pay-offs and extortion, we are only renting jobs.
<IMHO> Fred Jacobsen