Corporate Welfare: State Taxpayers Pay to Train Workers for Large Corporations

[The Straight Story]

Corporate Welfare: State Taxpayers Pay to Train Workers for Large Corporations

Taxpayers are increasingly covering the cost of training for a corporation’s workforce, without getting any long-term benefit in return.

For instance, North Carolina has spent a million dollars for 400 residents to learn skills for working in a Caterpillar factory, in addition to a $4.3 million on a community college program customized specifically to meet the company’s labor needs. While the investments are expected to help Caterpillar remain in the state, there are no assurances that will happen.

Previously, the state spent $2 million to train employees for a Dell factory. Five years later, the computer maker closed down its operation, costing North Carolina nearly 1,000 jobs.

Among the subsidies given to corporations, according to a report by Good Jobs First, are income tax credits, cash grants, low-cost or forgivable loans, reimbursement for worker training expenses and reductions in property taxes.

http://www.allgov.com/Where_is_the_Money_Going/ViewNews/Corporate_Welfare__State_Taxpayers_Pay_to_Train_Workers_for_Large_Corporations_120111

[Angry Dragon]

1. Corporations are people, my friend

Welfare is okay if it goes to a corp.............

[shraby]

2. What the hell are they smoking down there?

Seems maybe some people and not the unemployed or welfare recipients at the bottom of the heap should be drug tested..legislators and corporate welfare beneficiaries are my first choice to pee in a cup...and the results announced publicly.

[rfranklin]

3. It doesn't matter what it costs or how long the jobs last--they brought jobs to the community!

That's all that matters at election time. Cost benefit analysis be damned!