Goodyear had a good two days.
In a two-day special session, the legislature wrote a bill that could give Goodyear Tire & Rubber Co. and Bridgestone Firestone as much as $60 million in incentives.
The law leaves fuzzy the timing of the investments the companies are required to make.
It says they must invest $200 million within six years, but it doesn't say when that period begins. That will allow Bridgestone to count money it has already paid as part of a $250 million upgrade to its Wilson plant.
Sen. A.B. Swindell, a Wilson Democrat, said the company has a "proven track record."
"If we're going to do this, that's a pretty good place to do it," he said. (N&O)
Sen. Phil Berger, the Senate Republican leader, said the bill was unfair to smaller companies.
"The question is, what do we do next time when another company says, 'You know, our industry changed. We need to modernize our plant,' and so they come and they don't quite have 2,000 employees and they don't quite need to invest $200 million," he said. (Fay-O)
Blog RSS feed
