CaptionDell Inc. is getting a discount for quick repayment of more than $26 million in local incentives that went for naught when the company decided to close its North Carolina computer assembly plant.
The Winston-Salem Journal reported Tuesday that city and county officials agreed to allow Dell a $66,000 discount for paying the money back this week. A Dell spokesman confirmed the timing.
The money had been due by the end of January.
Dell announced last month it was closing its four-year-old desktop computer assembly plant by the end of January. More than 900 workers will lose their jobs.
The computer company was offered more than $300 million in state and local incentives to choose a North Carolina factory site in 2004.
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- Chrisg on 11/03 09:50 AM
Well there is another great govt deal 300 million - 26 million = 274 million / 4 years = a government cost of $68.5 million per year. And it was for 900 low paying jobs, so it probably only brought in around $5 million per year in new taxes and we are stuck paying for their unemployment, medicare, mortgages, etc.... Again, when will polititians learn, if they are going to give away money there must be a guarentee of a return!!!!!!
