There will never be a chip plant.<quoted text>
I wonder how many people who said don't use millions of taxpayer dollars to fund a hockey team are saying the same about this?
It comes down to return on investment. Because New York is ranked the most business un-friendly state in the entire US, businesses have to be bribed with taxpayer money to come here. If they do come and it costs more to create a job then that job will return in taxes and consumer spending then it's just not a good deal. Any chip manufacturer that agrees to rent space from the taxpayers in the proposed chip fab facility will be able to be here tax free for 10 years under Governor Cuomo's Tax-Free New York plan. Add in all of the other incentives that they will no doubt qualify for and think about whether it's a good deal for taxpayers. The hockey team (I see the Aud and the hockey team as one entity at this point) has received north of $7 million taxpayer dollars to date. Are they generating an amount of revenue for the taxpayers that would justify that level of investment? I don't think so.
No one does a REAL cost/benefit analysis before these things happen and then they never follow up with any kind of investigation to determine if these schemes are really worthwhile.
Not negative, just skeptical based on history.
If a chip fab plant ever does get off the ground then it will be like Ross Perot once said: "you'll hear a giant sucking sound" and that sound will be taxpayer money being sucked out of your wallet and directed into the pockets of opportunistic businesses. At the time Ross Perot was portrayed as crazy and negative when he said these things about NAFTA and now with the benefit of history we can see that he was right. I'm pretty sure we'll see the same here. That is if anyone bothers to track it.
Posted in the Utica Forum
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