quad gets more state welfare

quad gets more state welfare

Posted in the Worldcolor Forum

Bump in the Road

Gap, PA

#1 Aug 15, 2011
http://wvgazette.com/News/Business/2011072113...

July 21, 2011
State buys equipment for Martinsburg printer
By Eric Eyre
Advertiser

CHARLESTON, W.Va.-- The West Virginia Economic Development Authority agreed Thursday to buy $22 million in manufacturing equipment that Sussex, Wis.-based printer Quad/Graphics Inc. is moving to its Berkeley County facilities.

The Development Authority will own the machinery and lease it back to Quad/Graphics. Authority board members voted unanimously Thursday to buy the machinery by amending an existing lease with Quad/Graphics.

The arrangement, which also requires approval from the Berkeley County Commission, is expected to preserve and create jobs, the authority said. Quad/Graphics is transferring the machinery to Martinsburg from the company's other U.S. plants.

"It's a positive for the state when you think that the West Virginia location was chosen as the place to move this equipment," said David Warner, executive director of the economic development authority.

The company won't have to pay taxes on its manufacturing equipment, because the state will own the machinery.

In the 1990s, the state Economic Development Authority issued $400 million in taxable bonds to purchase manufacturing equipment at Quad/Graphic's two facilities near Martinsburg.

In May, Sussex, Wis.-based Quad/Graphics announced plans to upgrade press equipment at its Berkeley County plants and create 400 jobs. The company said the workers would be hired during the next 18 months.

On Thursday, Warner said he was unsure how the $22 million lease agreement was linked with the company's expansion plans. He referred questions to Quad-Graphics' government affairs director Pat Henderson, who could not be reached for comment.
Quad/Graphics has more than 40 facilities in the U.S. The company had $4.8 billion in sales last year.
SMOKEN1

Grovetown, GA

#2 Aug 15, 2011
DAM THATS SOME DEEP SHIT LET ME GUESS WHO IS RUNNING FOR CONGRESS THAT IS TIED IN? OH I KNOW STAY TUNED
yowsa-yowsa-yows a

Buffalo, NY

#3 Aug 16, 2011
quad getting a loan that off the backs of the union workers in the depew plant that gave up concessions to aquire the equipment in the first place -- what a debacle!
SMOKEN1

Grovetown, GA

#4 Aug 17, 2011
hang them ska[[eywags and carpet bagers
Richard

Burlington, WI

#5 Aug 17, 2011
Wisconsin's governor gave Quad 46 million in tax credits for supposedly creating 1,300 jobs in the state. Pretty disgusting. How many total have they unemployed through all this. That's your goverment at work, 46 million to create a handful of low paying jobs, after terminating all those better paid union people. They are the WAL-MART of printing.
exquademployee

Menomonee Falls, WI

#6 Aug 17, 2011
They axed alot of us in Wiscosin and the next week they were hiring.So much for the tax credits...
Dot

Frisco, TX

#7 Aug 17, 2011
People were axed in WI because the family needed those shares back to purchase WC.
Then, they used the government money to rehire younger people at cheaper wages.

Since: Jan 11

Des Moines, IA

#8 Aug 19, 2011
I couldn't agree more!
Bump in the Road

Mount Joy, PA

#9 Sep 14, 2011
Richard wrote:
Wisconsin's governor gave Quad 46 million in tax credits for supposedly creating 1,300 jobs in the state. Pretty disgusting. How many total have they unemployed through all this. That's your goverment at work, 46 million to create a handful of low paying jobs, after terminating all those better paid union people. They are the WAL-MART of printing.
OK so now where are all those Wisconsin Tea Party members at now?
Maybe some of you Wisconsinites should bring this to their attention.
richard

Waukesha, WI

#10 Sep 15, 2011
Bump in the Road wrote:
<quoted text>
OK so now where are all those Wisconsin Tea Party members at now?
Maybe some of you Wisconsinites should bring this to their attention.
Perhaps if we had a union that would happen. Unfortunatly we are slaves afraid of the slavemaster.
kunta kinte

Houston, TX

#11 Sep 15, 2011
[email protected] da masta!
unemployed

Rochester, NY

#12 Sep 15, 2011
7 out of the 8 plants that were closed were union plants so far.The non union plant had less than 100 employees. The total union employees in the 7 plants was about 4000. The seven union plants all made money. The union and New york state has done absolutely nothing to retain jobs since the closure announcement at Buffalo. The union workers made many sacrifices over the years to keep the work and their jobs. Quad bit off more than they could chew and Buffalo is still backing them up.Quad couldn't do it by themselves, so Now quad gets help from the state of West Virginia to bail them out. The article said LEASE, in a few years the State of West Virginia will own 22 million dollars of useless printing equipment while we will be reading our Kindles, and OPM will be printing the rest of the Quad contracted book work.
Bump in the Road

Mount Joy, PA

#13 Sep 16, 2011
guest

Jonesboro, AR

#14 Sep 16, 2011
Bump in the Road wrote:
details please. do not know what you want us to see
Bump in the Road

Mount Joy, PA

#15 Sep 18, 2011
What is ALEC?

ALEC is not a lobby; it is not a front group. It is much more powerful than that. Through ALEC, behind closed doors, corporations hand state legislators the changes to the law they desire that directly benefit their bottom line. Along with legislators, corporations have membership in ALEC. Corporations sit on all nine ALEC task forces and vote with legislators to approve “model” bills. They have their own corporate governing board which meets jointly with the legislative board.(ALEC says that corporations do not vote on the board.) Corporations fund almost all of ALEC's operations. Participating legislators, overwhelmingly conservative Republicans, then bring those proposals home and introduce them in statehouses across the land as their own brilliant ideas and important public policy innovations—without disclosing that corporations crafted and voted on the bills. ALEC boasts that it has over 1,000 of these bills introduced by legislative members every year, with one in every five of them enacted into law. ALEC describes itself as a “unique,”“unparalleled” and “unmatched” organization. We agree. It is as if a state legislature had been reconstituted, yet corporations had pushed the people out the door.

Wis.Gov .Scott Walker is a member.

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