More incentives likely for Apple

Submitted by bniolet on June 26, 2009 - 7:38am.
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Somewhere in this state, somebody is trying to figure out how to give more financial aid to Apple.

Good luck trying to figure out who. Or where.

The N.C. Department of Commerce released the first batch of records Thursday detailing negotiations that prompted Apple to agree this month to build a $1 billion data center in North Carolina and create 50 jobs. The decision came after state lawmakers, despite a more than $4 billion budget shortfall, changed corporate tax law to benefit the California computer company, shaving an estimated $46 million from its tax bill over a decade.

Apple still hasn't said where it is going to build. And the Commerce records go to some length to hide any hint.

Officials removed names, e-mail addresses and any other clues before making the records public. The records make clear that Apple will likely get more financial assistance.

About the only way to find out anything is to talk to lawmakers. Sen. David Hoyle, a Gaston County Democrat who shepherded the legislation, said Catawba County was in the picture. It's unclear who the other contenders are. (N&O)

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Re: More incentives likely for Apple

Submitted by robdarich on June 26, 2009 - 12:28pm.

Everybody enjoys making money and not having the government take it away. Apple's just like everyone of us... only different.

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Re: More incentives likely for Apple

Submitted by domewatcher on June 26, 2009 - 7:59am.

O ye of little faith!

You have got to give until it hurts. And then some more. Some estimates put the incentives for the "Global Transpark's" deal with Spirit Aero in the range of $240,000,000. That's chump change to a state like us. Look at all the money we have in the Golden Leaf fund?

These financial incentives are just like buying your future wife a diamond. Have you ever heard of a gal marrying a poor man? It doesn't happen. Either you give her a big ring or she is gone. Think of these businesses as future brides. You are taking them for better or worse and in the sickness of our economy. And don't think about a pre-nup.

Never forget that if we give it all away somebody will be there to bail us out! There is always someone willing to bail you out. Always. Live for today and let the bailout take care of tomorrow.

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