The Greensboro City Council will consider offering economic incentives to Marshall USA LLC at the Monday, April 17 meeting in the Katie Dorsett Council Chamber.
The incentive being considered is for $1,000 per job and the proposal is for Marshall to build an aircraft maintenance facility at Piedmont Triad International Airport, creating up to 240 jobs.
Marshall USA is a subsidiary of Marshall Aerospace, a company headquartered in Cambridge, England, that provides maintenance for the C-130 aircraft for the US military. Marshall is the largest privately owned aerospace and defense company in the United Kingdom.
The maintenance facility planned for PTIA would cost over $50 million to build.
The Guilford County Board of Commissioners is scheduled to consider offering economic incentives for the same project at its Thursday, April 20 meeting.
One difference between Guilford County offering economic incentives and Greensboro is that PTIA is in Guilford County, so the county will receive additional tax revenue if Marshall builds its facility at the airport. However, PTIA is not in Greensboro, which means Greensboro will not receive tax revenue from the new facility.
The Greensboro City Council recently offered economic incentives to Boom Supersonic for its supersonic aircraft manufacturing facility at PTIA, which also will not result in increased tax revenue for the City of Greensboro.
The agenda states, “The project is expected to generate public benefit to the City of Greensboro by positively impacting the property and sales tax revenues in additional to increasing business prospects for the City and surrounding area.”
According to the agenda, the average wage for the 240 full-time positions will be over $73,000 and no new jobs will pay below $15 an hour.
The economic incentive agreement includes a provision that if the new jobs are not maintained for a specified period of time or if the capital investment is not made per the incentive agreement that the city will be reimbursed for the economic incentive grant.
So our public servants extract cash from small businesses (like mine) in order to give it to bigger businesses who promise more tax revenue. Is it just me,or is this plainly corrupt?
Worse yet, the business getting the subsidy isn’t even American, it’s British! There’s nothing wrong with the Brits (I’m one), but they don’t deserve to be subsidized by the taxpayers of North Carolina.
And as I write this, I’m in Leeds,West Yorkshire. But we shouldn’t be taxed to fund foreign businesses. This is Not the free market.
Corporate welfare at our expense. Why is one business favored another, with my money? Isn’t the choice mine?
Just looking for ways to spend your excessive taxes you have to pay.