Medco to get more than $30M in incent...

Medco to get more than $30M in incentives

There are 92 comments on the The Indianapolis Star story from Dec 18, 2007, titled Medco to get more than $30M in incentives. In it, The Indianapolis Star reports that:

Medco Health Solutions will receive more than $30 million in state and local incentives to locate its massive 1,300-employee mail-order pharmacy distribution center in the Anson development just west of ...

Join the discussion below, or Read more at The Indianapolis Star.

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TVS

United States

#1 Dec 18, 2007
Did anyone notice that Marion County wasn't even considered? Thanks for that local income tax hike, city-county council!
Central Indiana

Carmel, IN

#2 Dec 18, 2007
Congratulations to Huck Lewis and the Boone County leadership for putting together a prudent package that brings jobs to our area!
Jay

Crown Point, IN

#3 Dec 18, 2007
Your tax dollars at work. Wonder how much the government officials got under the table ?

Medco = a big building full of pill counters.
Star Reader

Duncan, OK

#4 Dec 18, 2007
A company with $16 billion in sales doesn't really need $30 million in incentives. Just more of the corporate welfare that our government puts out to help the rich get richer and the poor get poorer.
Bob

Green Bay, WI

#5 Dec 18, 2007
Mitch is at it again!
JMM

Kenosha, WI

#6 Dec 18, 2007
Bob wrote:
Mitch is at it again!
Can you explain that comment to me? How can this project be a bad thing?
Just shut up

Indianapolis, IN

#7 Dec 18, 2007
Star Reader wrote:
A company with $16 billion in sales doesn't really need $30 million in incentives. Just more of the corporate welfare that our government puts out to help the rich get richer and the poor get poorer.
I wonder if people like you can ever be happy? Yeah they had sales of 16 Billion that does not mean they made 16 Billion dollars since that was the gross sales number. Second an estimated 1,300 jobs are coming into the state with an estimated payroll of $200 Million dollars over the next 5 years. COMING INTO THE STATE. Perhaps you'd be happier if Indiana and it's counties decided not to give any incentive to move into the state and had all these companies open up elsewhere. If they did that you would probably complain about the brain drain in Indiana with all the graduates leaving the state to find jobs.$30 million dollars of incentives to get a $200 million dollar payroll and supply jobs for people is well worth it.
dave

Carmel, IN

#8 Dec 18, 2007
Bob wrote:
Mitch is at it again!
Exactly. Great job mitch. Thanks for the 1300 jobs brought to Indiana.
Pike Baseball Coach

Danville, IN

#9 Dec 18, 2007
Jay wrote:
Your tax dollars at work. Wonder how much the government officials got under the table ?
Medco = a big building full of pill counters.
Someone has to do it. Remember that the next time you go get a prescription.
evilgringo

Pittsboro, IN

#10 Dec 18, 2007
Just shut up wrote:
<quoted text>I wonder if people like you can ever be happy? Yeah they had sales of 16 Billion that does not mean they made 16 Billion dollars since that was the gross sales number. Second an estimated 1,300 jobs are coming into the state with an estimated payroll of $200 Million dollars over the next 5 years. COMING INTO THE STATE. Perhaps you'd be happier if Indiana and it's counties decided not to give any incentive to move into the state and had all these companies open up elsewhere. If they did that you would probably complain about the brain drain in Indiana with all the graduates leaving the state to find jobs.$30 million dollars of incentives to get a $200 million dollar payroll and supply jobs for people is well worth it.
Thats right,and don't forget all Mexicans that need the jobs.
asdf

Minneapolis, MN

#11 Dec 18, 2007
Just shut up wrote:
<quoted text>I wonder if people like you can ever be happy? Yeah they had sales of 16 Billion that does not mean they made 16 Billion dollars since that was the gross sales number. Second an estimated 1,300 jobs are coming into the state with an estimated payroll of $200 Million dollars over the next 5 years. COMING INTO THE STATE. Perhaps you'd be happier if Indiana and it's counties decided not to give any incentive to move into the state and had all these companies open up elsewhere. If they did that you would probably complain about the brain drain in Indiana with all the graduates leaving the state to find jobs.$30 million dollars of incentives to get a $200 million dollar payroll and supply jobs for people is well worth it.
Well put. If we want these companies to come here we have to give incentives. And its not like we are giving them money, we are just reducing their taxes for a short period of time. Once they are established they will pay their full amount. How can this be a bad thing? If they didnt move here we would get $0 from them in taxes, now we will get a lot. Think about things in the long term people. If this company sticks around for 50 years that small incentive will be nothing compared to how much they bring in.
and

Carmel, IN

#12 Dec 18, 2007
Just shut up wrote:
<quoted text>I wonder if people like you can ever be happy? Yeah they had sales of 16 Billion that does not mean they made 16 Billion dollars since that was the gross sales number. Second an estimated 1,300 jobs are coming into the state with an estimated payroll of $200 Million dollars over the next 5 years. COMING INTO THE STATE. Perhaps you'd be happier if Indiana and it's counties decided not to give any incentive to move into the state and had all these companies open up elsewhere. If they did that you would probably complain about the brain drain in Indiana with all the graduates leaving the state to find jobs.$30 million dollars of incentives to get a $200 million dollar payroll and supply jobs for people is well worth it.
jobs earning $200 million of which that money is spent in indiana. these employees pay property taxes in indiana, pay sales tax in indiana and they pay income tax in indiana. Jezzz, this is just plain horrible

“Oh George, not the livestock.”

Since: Jul 07

Indy

#13 Dec 18, 2007
Jay wrote:
Your tax dollars at work. Wonder how much the government officials got under the table ?
Medco = a big building full of pill counters.
I wonder how much you cheated on your income taxes last year. Hey, it makes about as much sense as your comment!
The Truth

Indianapolis, IN

#14 Dec 18, 2007
Star Reader wrote:
A company with $16 billion in sales doesn't really need $30 million in incentives. Just more of the corporate welfare that our government puts out to help the rich get richer and the poor get poorer.
Take your blinders off. The question is NOT whether or not Medco NEEDS the tax break. The question is how much was an Indiana county willing to pay in tax incentives in order to get jobs that pay over $220 MM to come to the county.
Mikey

Indianapolis, IN

#15 Dec 18, 2007
asdf wrote:
<quoted text>
Think about things in the long term people. If this company sticks around for 50 years that small incentive will be nothing compared to how much they bring in.
But also realize that they can disappear in no time. Like United Airlines maintenance hub was going to produce 5,000 good paying jobs for 50 years, and they were gone in what, 5 years, tops, leaving scores of foreclosed United employee homes behind. And millions in tax incentives never repaid.
NIGHTMARE NED

Peru, IN

#16 Dec 18, 2007
I cannot believe I live in the State that is paying MEDCO to relocate here, They already are ripping off the folks who have Ins thru them and their presentation is not really what it costs....So Wonder how much of the 220 million will be the CEO's salary.

Since: Nov 07

Clearfield, PA

#17 Dec 18, 2007
Just shut up wrote:
<quoted text>I wonder if people like you can ever be happy? Yeah they had sales of 16 Billion that does not mean they made 16 Billion dollars since that was the gross sales number. Second an estimated 1,300 jobs are coming into the state with an estimated payroll of $200 Million dollars over the next 5 years. COMING INTO THE STATE. Perhaps you'd be happier if Indiana and it's counties decided not to give any incentive to move into the state and had all these companies open up elsewhere. If they did that you would probably complain about the brain drain in Indiana with all the graduates leaving the state to find jobs.$30 million dollars of incentives to get a $200 million dollar payroll and supply jobs for people is well worth it.
Please tell me how another "racketeering enterprise" is good for our state..... This is just another shinig example of government waste, fraud, and abuse ------ corporate welfare... Puke!!
Old Roy

Newport, KY

#18 Dec 18, 2007
Way to go My Man Mitch, more jobs for Indiana!
Star Reader

Duncan, OK

#19 Dec 18, 2007
and wrote:
<quoted text>
jobs earning $200 million of which that money is spent in indiana. these employees pay property taxes in indiana, pay sales tax in indiana and they pay income tax in indiana. Jezzz, this is just plain horrible
All that extra tax revenue isn't going to make the government lower your tax rate is it? NO! Just more money for the government to waste.
Star Reader

Duncan, OK

#21 Dec 18, 2007
Mikey wrote:
<quoted text>
But also realize that they can disappear in no time. Like United Airlines maintenance hub was going to produce 5,000 good paying jobs for 50 years, and they were gone in what, 5 years, tops, leaving scores of foreclosed United employee homes behind. And millions in tax incentives never repaid.
Exactly!! If these companies were held accountable for their "promises" that get them these incentives, then I could be more accepting of them. Plus, with the movement of jobs overseas I wonder how long it will take for Medco to send these jobs overseas.

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