Comments on: Sanford Boasts 1,000-Job Announcement http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/ Politics, Sports and Pop Culture Tue, 14 Feb 2012 22:40:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Earl Capps http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71787 Earl Capps Sat, 10 Oct 2009 02:23:03 +0000 http://www.fitsnews.com/?p=30787#comment-71787 Seymour, whoever you are, I hope I'm wrong on this. Given the fact that far more people commute from Lancaster County to North Carolina, it would be nice to some of the opposite. Seymour, whoever you are, I hope I’m wrong on this. Given the fact that far more people commute from Lancaster County to North Carolina, it would be nice to some of the opposite.

]]> By: Seymour Glass http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71594 Seymour Glass Thu, 08 Oct 2009 18:54:59 +0000 http://www.fitsnews.com/?p=30787#comment-71594 @ Earl, Here's hoping your financial insight is as pertinent as your political. @ Earl,

Here’s hoping your financial insight is as pertinent as your political.

]]> By: John Steinberger http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71556 John Steinberger Thu, 08 Oct 2009 14:34:29 +0000 http://www.fitsnews.com/?p=30787#comment-71556 Imagine how many border-jumping businesses there would be if we eliminated the state income tax! Imagine how many border-jumping businesses there would be if we eliminated the state income tax!

]]> By: No Way! http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71534 No Way! Thu, 08 Oct 2009 12:15:15 +0000 http://www.fitsnews.com/?p=30787#comment-71534 I think this is a major win for S.C? Am I missing the boat somewhere? What are we going to say when Boeing decides to move to SC? I am 100% in support! I think this is a major win for S.C? Am I missing the boat somewhere? What are we going to say when Boeing decides to move to SC? I am 100% in support!

]]> By: Earl Capps http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71512 Earl Capps Thu, 08 Oct 2009 09:11:14 +0000 http://www.fitsnews.com/?p=30787#comment-71512 100 jobs will turn into 1000 via an internet venture? After the last recession, who still buys the whole "the internet will make companies explode overnight" line? I thought we learned our lesson when the dot-com bust hit about eight years ago? Bet this company will scrape by with few, if any, expansions, hoping to sucker some larger company into buying it out. Betcha it won't take five years before the company is sucked up and away, or files for bankruptcy. P.S. - Sorry, forgot to tell you great post! 100 jobs will turn into 1000 via an internet venture?

After the last recession, who still buys the whole “the internet will make companies explode overnight” line? I thought we learned our lesson when the dot-com bust hit about eight years ago?

Bet this company will scrape by with few, if any, expansions, hoping to sucker some larger company into buying it out. Betcha it won’t take five years before the company is sucked up and away, or files for bankruptcy.
P.S. – Sorry, forgot to tell you great post!

]]> By: Earl Capps http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71507 Earl Capps Thu, 08 Oct 2009 05:43:43 +0000 http://www.fitsnews.com/?p=30787#comment-71507 100 jobs will turn into 1000 via an internet venture? After the last recession, who still buys the whole "the internet will make companies explode overnight" line? I thought we learned our lesson when the dot-com bust hit about eight years ago? Bet this company will scrape by with few, if any, expansions, hoping to sucker some larger company into buying it out. Betcha it won't take five years before the company is sucked up and away, or files for bankruptcy. 100 jobs will turn into 1000 via an internet venture?

After the last recession, who still buys the whole “the internet will make companies explode overnight” line? I thought we learned our lesson when the dot-com bust hit about eight years ago?

Bet this company will scrape by with few, if any, expansions, hoping to sucker some larger company into buying it out. Betcha it won’t take five years before the company is sucked up and away, or files for bankruptcy.

]]> By: Mike Honcho http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71479 Mike Honcho Thu, 08 Oct 2009 02:15:41 +0000 http://www.fitsnews.com/?p=30787#comment-71479 Wow. The lot of you serve little purpose in life but to wait for Billy to post so you can yuck it up. Mulvaney is positively beside himself about the announcement according to his local paper. http://www.lcni5.com/cgi-bin/c2.cgi?151+article+News+20091006160235151151012 For those brilliant minds who do not under the job development credits (nearly every person posting above). They are performance credits that require the company to invest $10 million and employ 500 NEW people BEFORE they can collect on the incentives. Read the article link for more information. So yesterday, Boeing was "in trouble" and today, these jobs aren't real. Yes, Will, you are indeed an incredible expert on economic development. Since you are now covering all the job news, here are two you conveniently forgot from the past week: http://www.goupstate.com/article/20091007/ARTICLES/910071037/1083/ARTICLES?Title=Gaffney-plant-to-create-100-new-jobs-in-first-3-months http://www2.scnow.com/scp/news/local/pee_dee/article/softee_supreme_diapers_corp._will_expand_in_marion_county_create_about_262_/77895/ Wow. The lot of you serve little purpose in life but to wait for Billy to post so you can yuck it up.

Mulvaney is positively beside himself about the announcement according to his local paper.

http://www.lcni5.com/cgi-bin/c2.cgi?151+article+News+20091006160235151151012

For those brilliant minds who do not under the job development credits (nearly every person posting above). They are performance credits that require the company to invest $10 million and employ 500 NEW people BEFORE they can collect on the incentives. Read the article link for more information.

So yesterday, Boeing was “in trouble” and today, these jobs aren’t real. Yes, Will, you are indeed an incredible expert on economic development.

Since you are now covering all the job news, here are two you conveniently forgot from the past week:

http://www.goupstate.com/article/20091007/ARTICLES/910071037/1083/ARTICLES?Title=Gaffney-plant-to-create-100-new-jobs-in-first-3-months

http://www2.scnow.com/scp/news/local/pee_dee/article/softee_supreme_diapers_corp._will_expand_in_marion_county_create_about_262_/77895/

]]> By: Philip Branton http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71478 Philip Branton Thu, 08 Oct 2009 02:05:06 +0000 http://www.fitsnews.com/?p=30787#comment-71478 WHAT......?? "...3) the tax reductions are propertionate to the jobs created.." WHO says anything HAS TO BE ....anything..?? Lets review some not so recent UNION history...?! The rise of UNIONS came about because TOP BRASS had no remorse for the saps working on the LINE or shop floor. Then the pendulum went the other way and the UNIONS creamed themselves and BRASS and drove our manufacturing overseas. Well, the game has just shifted more politically and now whole cities and Counties taxpayers are the ones being bent over through "NEGOTIATED" agreements locked in for DECADES after the Brass have retired and the Political winkers have moved on to be Lobbyists themselves...!!!! The original Mortgage company most certainly got...what kind of interest rate to build this building to begin with...??? And now turn around 2 years later and the tax incentive automatically follows the new tenant..!?!?! WELL WHO VOTED ON IT....!?!?! My Backside.......!!!! Most of these "SILVER LOONS" doing the negotiating will be DEAD and their children will be Burdened with more taxes...!!!! Is this the GAME now for all Industry or manufacturing ....?? Moving to a LOCALE where there is NO TAX responsibility...!?! Heck, we wonder if there is ANYWHERE that has CHURCHES where the workers do not need to tithe?? ....how about NO FUEL TAXES from workers for road upkeep...?? .....how about no accomodations tax for visiting SALESMEN or SALESWOMEN...?? ...how about a locale with NO Politicians to GREASE...??? ......a location where their are no community recreation teams to SPONSOR....!?!?! No wonder the Board of Directorz and the CEO can NOT stay married....they are having to MOVE every tax season....!?!?! We wonder what the Board of Directors WIVES really think when they see her husbands check and realize that the company it COMES FROM is not PAYING into the LOCAL Community as much as most other businesses...!?!? I don't mind paying taxes..its the sheer FACT that whole communities are be bent over to POACH other businesses instead of CREATING NEW JOBS to begin with...!?!? On top of that ....this is all done behind closed doors and with out being VOTED on by the Citizens at all...!!!! No wonder Government does NOT want transparency....???!!! WHAT……??

“…3) the tax reductions are propertionate to the jobs created..”

WHO says anything HAS TO BE ….anything..??

Lets review some not so recent UNION history…?! The rise of UNIONS came about because TOP BRASS had no remorse for the saps working on the LINE or shop floor. Then the pendulum went the other way and the UNIONS creamed themselves and BRASS and drove our manufacturing overseas. Well, the game has just shifted more politically and now whole cities and Counties taxpayers are the ones being bent over through “NEGOTIATED” agreements locked in for DECADES after the Brass have retired and the Political winkers have moved on to be Lobbyists themselves…!!!! The original Mortgage company most certainly got…what kind of interest rate to build this building to begin with…??? And now turn around 2 years later and the tax incentive automatically follows the new tenant..!?!?!

WELL WHO VOTED ON IT….!?!?!

My Backside…….!!!!

Most of these “SILVER LOONS” doing the negotiating will be DEAD and their children will be Burdened with more taxes…!!!!

Is this the GAME now for all Industry or manufacturing ….?? Moving to a LOCALE where there is NO TAX responsibility…!?! Heck, we wonder if there is ANYWHERE that has CHURCHES where the workers do not need to tithe?? ….how about NO FUEL TAXES from workers for road upkeep…?? …..how about no accomodations tax for visiting SALESMEN or SALESWOMEN…?? …how about a locale with NO Politicians to GREASE…??? ……a location where their are no community recreation teams to SPONSOR….!?!?!

No wonder the Board of Directorz and the CEO can NOT stay married….they are having to MOVE every tax season….!?!?!

We wonder what the Board of Directors WIVES really think when they see her husbands check and realize that the company it COMES FROM is not PAYING into the LOCAL Community as much as most other businesses…!?!?

I don’t mind paying taxes..its the sheer FACT that whole communities are be bent over to POACH other businesses instead of CREATING NEW JOBS to begin with…!?!? On top of that ….this is all done behind closed doors and with out being VOTED on by the Citizens at all…!!!!

No wonder Government does NOT want transparency….???!!!

]]> By: Billy Bob http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71470 Billy Bob Thu, 08 Oct 2009 00:50:53 +0000 http://www.fitsnews.com/?p=30787#comment-71470 It's amazing to see all the "Assumptions" that are being made with none of the facts. For simple starters. 1) they'll pay SC taxes here if they work here. Doesn't matter where they live. They will get a credit on NC taxes for SC taxes paid. 2) all corp taxes will be paid here on those workers 3) the tax reductions are propertionate to the jobs created 4) many probably already live here and are paying NC taxes and getting a SC credit for that 5) a good number will move here just to be close to work - a lot of people simply do not like a commute 6) New jobs are far more likely to be SC residents than NC residents as there is no reason for NC workers to come t oLancaster looking for work, except in times like these. That will disappear over seven years This is just a few HUGE differences from predictions above It’s amazing to see all the “Assumptions” that are being made with none of the facts. For simple starters.
1) they’ll pay SC taxes here if they work here. Doesn’t matter where they live. They will get a credit on NC taxes for SC taxes paid.
2) all corp taxes will be paid here on those workers
3) the tax reductions are propertionate to the jobs created
4) many probably already live here and are paying NC taxes and getting a SC credit for that
5) a good number will move here just to be close to work – a lot of people simply do not like a commute
6) New jobs are far more likely to be SC residents than NC residents as there is no reason for NC workers to come t oLancaster looking for work, except in times like these. That will disappear over seven years

This is just a few HUGE differences from predictions above

]]> By: Skidmarks http://www.fitsnews.com/2009/10/07/sanford-boasts-1000-job-announcement/#comment-71469 Skidmarks Thu, 08 Oct 2009 00:38:46 +0000 http://www.fitsnews.com/?p=30787#comment-71469 "The company (Red Venture) inherited a 20-year tax incentive originally granted to a mortgage firm that built the facility two years ago...." -The State “The company (Red Venture) inherited a 20-year tax incentive originally granted to a mortgage firm that built the facility two years ago….” -The State

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