In what would be another gigantic win for the local economy, ProKidney Corp., a publicly traded company based out of Winston-Salem, is seeking incentives of over $15 million from Guilford County government for a $458 million facility in Greensboro that will create 330 new jobs.
ProKidney is a biotech company that’s developing new treatments for kidney disease – especially for the late stages of the disease.
Nearly always, when a company is at the point of getting a hearing from Guilford County for an incentives package, it means the decision has already been made to locate in the county.
The company describes itself as a pioneer in the treatment of chronic kidney disease.
Company materials state that, while current treatments can slow the progression of kidney failure, there’s currently no cure.
The company describes itself as a clinical-stage biotechnology company with “a transformative proprietary cell therapy platform with the potential for treating Chronic Kidney Disease using a patient’s own cells,” and adds that it “seeks to redefine the treatment of Chronic Kidney Disease” away from managing kidney failure, to the “restoration or improvement of kidney function to stop or delay progression of CKD.”
The company’s main product, known as REACT, is designed to stabilize and improve kidney function.
This huge investment in Greensboro would be akin to the one being made in Guilford County by Boom Supersonic.
I looks like the political & tax enviornment requires that the Socialist govt in Guilford County has to favor one company with a bribe of 15 Mil, at the expense of the taxpayer, and at all the other businesses in the county who get nothing but an ever-grown tax bill and more regulation.
I detest our Govt, and who runs it.
Agreed, Miller.
All government is corrupt, but some government is more corrupt than others.
The county line is in 4 directions
Ever heard of stay and fight? Since your comment suggests that anyone who disagrees can leave, I suggest you review history. Society is not stagnant.
You know men don’t follow directions..
JUST SAY NO!
Why the hell should our tax dollars go to corporate welfare? If you socialist idiots insist on throwing the money at someone, give me the $15 Million & I will distribute it equally to overtaxed homeowners throughout the entire county keeping no more than my equal share. The money belongs to us.
Conservatives seem to be ok with social welfare for big companies as they consistently vote to resist improving the minimum wage so people who work 40 hours a week still require social support to meet mimimum living standards.
But you be you.
Why would a company based 25 miles from Greensboro be asking for a $15M handout from Greensboro/Guilford County taxpayers to locate here? This company is involved with an experimental drug not yet approved. Why not expand in Winston-Salem/Forsyth County and be near other similar facilities?
If the Greensboro/Guilford County area is so attractive to the company, why would $15M incentive be necessary? Corporate welfare needs to stop. Governments have found themselves on a treadmill and do not know how to get off. Every treadmill has an “off” button.