Here is a recent example of a city handing out free money to a company in exchange for “creating jobs” in that city. I am bringing this up because it is very clear that our own LEDC and City council is now in the midst of “secret negotiations” to “evaluate financial information from a business.”
The bottom line for the Irving deal with Kelly-Moore paint is they get $75,000 in “incentives” in exchange for promising to create 30 jobs with a $100,000 salary. In other words – $3 million of salaries for a $75,000 donation.
As much as I detest governments handing out “incentives,” you have to admire the ratio: 40-1 in favor of the citizen ($3 million divided by $75,000).
I am posting this now so that we can later compare any “deals” that the geniuses like Misti Talbert and TJ Monroe make with any Business Pork prospects. I GUARANTEE you they will be far shittier than this. Remember: the LEDC has ALREADY spent over SEVEN MILLION DOLLARS on that goat pasture. They better bring in some hella good jobs to justify that waste.
Something tells me it will be more like 10 jobs at $42,000 per year and a ridiculous promise for hundreds more “in the future”.
