Arrgh ... never give a sucker politician an even break. RTP is a fine place to put this project, good enough in fact that the state doesn't have to bribe them to do it.
This tax-break-if-you-locate-here thing is a longstanding scam against politicians by companies.
These tax incentives should be structured as follows:
1. Do your payroll and pay your payroll taxes (FICA, Federal and State unemployment, whatever).
2. Submit your payroll tax receipts to the state incentive operation.
3. Get a rebate of some percentage of that payroll tax.
In other words, no tax-break payments until people get actually paid.
This incentivizes the company to do what the state wants: employ people in good jobs. If the company gets a "better offer" from some other place and moves, then the state doesn't get completely screwed over.
This tax-break-if-you-locate-here thing is a longstanding scam against politicians by companies.
https://www.nbcnews.com/business/business-news/corporate-tax...
These tax incentives should be structured as follows:
1. Do your payroll and pay your payroll taxes (FICA, Federal and State unemployment, whatever).
2. Submit your payroll tax receipts to the state incentive operation.
3. Get a rebate of some percentage of that payroll tax.
In other words, no tax-break payments until people get actually paid.
This incentivizes the company to do what the state wants: employ people in good jobs. If the company gets a "better offer" from some other place and moves, then the state doesn't get completely screwed over.