Tough corporate love

Sandy Carmany has mulled RF Micro’s request for yet another economic incentive and comes up with some solid reasoning why she will vote ‘no’ during tonight’s City Council meeting. Among them…

“The city (and the county) have already granted incentives to RFMD on three previous occasions. In my thinking, there ought to be a limit on how many times the same company can “go to the well.” They are apparently well-established here and should not need or seek continued public handouts.”

I really don’t blame RF Micro’s asking for another handout, because taxpayer-borne incentives are one of the reasons they have become so successful. But the community has done its part.

Like parents who continue to provide their now-grown child with a weekly allowance long after moving out of the house, it’s time for the taxpayers to finally provide RF Micro with a little ‘tough love’.

We love you, RF, and we sincerely hope you’ll stay around and grow up near home. But this time… no.

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4 Comments

  1. Posted February 21, 2006 at 8:35 am | Permalink

    I wouldn’t be so quick to say “no.” I’d want to know exactly what they’re offering in return. Has that been itemized for us non-council types?

  2. dhoggard
    Posted February 21, 2006 at 9:59 am | Permalink

    Yes it has, Sue. 300 jobs possible paying an average of $52k each. The county already approved $830k, the city is being asked to pony up an additional $590k.

    I know it is a gamble to call their bluff on this, but we’ve done enough already in my opinion.

  3. Mark
    Posted February 21, 2006 at 12:34 pm | Permalink

    As a stockholder of RFMD I’m all for it.

    As a former 11 year employee of Guilford Mills, I’m all for it for the benefit
    of my ex-coworkers.

    But as a county taxpayer, I have a problem with these repeated trips to
    the feedbag. In the post-dot.com craze, I believe RFMD recently posted a
    profitable quarter and appears to be headed in the right direction.

  4. Mike K.
    Posted February 23, 2006 at 4:15 pm | Permalink

    I think Sandy brings up another good point about incentives being done in a way that can benefit the company asking for it and the community as a whole, primarily through infrastructure investments. But realistically when is enough going to be enough in this “game”. Tax dollars are needed elsewhere for things that probably have more effect on helping businesses, like a good education system, quality infrastructure, affordable housing for all workers, unique community things, etc. Maybe the Supreme Court will get that case out of Ohio and truly “level the playing field” for everyone.