Archive for the ‘Local Economy’ Category

Just say No to the Sales Tax Increase

I guess there is a campaign being launched today telling people why they should vote for a new quarter of a percent increase in the Guilford County sales tax.  The argument is that voters have approved so many bonds that we must raise taxes to pay for them.  Of course not all of the approved bonds have even been issued yet so there’s certainly no need to pay for any of those.  Additionally, we’re supposed to believe the commissioners when they promise by paying more sales tax, we’ll get a lower increase in property taxes.  That’s not that easy to measure and property tax rates are set annually but this sales tax increase would never expire without another vote.

Why doesn’t the county try cutting to the bone before asking for more money from county residents?  Sure, there’s been no property tax increase in the past couple of years but I haven’t seen a lot of evidence of cutting from the county either (unless you count stiffing the city of Greensboro for the library).

Let’s see if they can work on spending within the money they currently have instead of demanding a “raise” from taxpayers.  And if the economy was good, I’d be saying the same thing.


Burlington Company Wants Bribe from Guilford Co.

From the N&R. LabCorp, a company headquartered in Burlington, is requesting $373,000 in incentives from Guilford County.  Apparently this is “in exchange for 373 new jobs and a $3 million investment.”

If you allow bullies to call the shots in your life, you get abused over and over again.  This seems to be a similar situation.  Can you say “Chicago-style politics?”  A shakedown by a corporation?  Is this the sort of corporate citizen we want in our community?

According to the N&R, “If commissioners approve offering incentives, the company could still look elsewhere to locate.”  I’m sure the plan is to shop around whatever incentives we offer, with the hopes of getting a better deal.  In May, LabCorp opened a giant new facility in Kannapolis “one of the largest operations of its type in the world” and already has plans to double it.   But maybe for the right price they would grow in Greensboro instead?  Doubtful.

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Good Business News for Greensboro!

Robert Bell at the N&R reports that the Wyndham Championship Golf tournament is close to selling all its corporate sponsorships.

Why do we care?

It’s good news when Greensboro figures prominently in positive national news stories.  We need good press because the PGA could decide to pull the tournament and head somewhere else.  When we look like we have money, we attract money, without having to bribe businesses with incentives. 

When NEW business is created or locates here, that actually aids long-term job growth  for our citizens (unlike government “stimulus” , which may redistribute money for temporary work on a “shovel ready” project, but does not actually create real jobs that ADD to our local economy).