Wolfspeed chip fabrication facility in the Marcy

[ManualF150]

Wolfspeed is here. Millions in state aid paved the way to a shovel-ready Marcy Nanocenter

As with many significant business openings nationwide, the path to attracting Wolfspeed to the Mohawk Valley is paved with taxpayer dollars.

www.uticaod.com

It's amazing how much tax dollars go into these private entities from the state. Yet small businesses that had to close down due to the their incompetent mismanagement of funding that could help the areas thrive or at least get through.

How long before this place closes like everything else in that neck of the woods? 1 year? 2 years?

Let's not forget Alain Kaloyeros....

 

[Saltwater60]

So corporate welfare is ok? I thought democrats didn’t think it was??!!

 

[repete]

"The $500 million grant equates to $814,000 per job at the Marcy facility at capacity."
I'd say that's a fair trade off for a job that pays $75 grand a year. WTF, do any of these assholes ever think?

 

[Shadow rider]

 

[Saltwater60]

"The $500 million grant equates to $814,000 per job at the Marcy facility at capacity."
I'd say that's a fair trade off for a job that pays $75 grand a year. WTF, do any of these assholes ever think?

They can’t do simple math. That’s a 180 year payback at 6% tax rate to NYS.

 

[Vicarious]

Gebus that woman is feckless

 

[FP1201]

So corporate welfare is ok? I thought democrats didn’t think it was??!!

When there's kick-back, no-show, Bord of Directors, and a litany of other hidden perks, then it's NOT "Corporate welfare" because they get a cut of those millions not coming out of their pockets....we've seen it time and time again, and yet We The People have largely been unable to do anything more about it than call them out...How many BILLIONS did Obummer fork out for Solar Panels, just for the executives to pay themselves Bonuses and then claim Bankruptcy? Movie Studios? Green/Recycling? Stadiums?
It's a great big Club and we ain't in it!

 

[pjzwtl]

Gebus that woman is feckless

I am convinced she is a direct descendant of the Burgermister Misterburgers.

 

[Bigfoot]

New York government doing New York government thing$.



Ho Lee Shit.

This is my surprised face...




Besides that,



-

 

[fresch]

Obama and rechargeable batteries sold to chi na.

 

[Robin]

More government dumbfuckery. On our dime, of course.
Robin

 

[Hochulsucks1234]

We can ressurrect this thread again in 2 years when the same thing happens to Micron in Syracuse. Billions spent for nothing. When will people learn that throwing tax dollars at something will solve nothing.

 

[Grimscale]

We can ressurrect this thread again in 2 years when the same thing happens to Micron in Syracuse. Billions spent for nothing. When will people learn that throwing tax dollars at something will solve nothing.

When politicians have to pay for the mismanagement, graft, theft, and corruption from their own pockets, and pay back the taxpayers with interest!