Wait a minute, isn't this socialism? What's the difference between this and the
GM or Wall Street bailouts? It is government getting involved in business.
Don't you love it when business wants government benefits and the whines when
the government attaches strings to the help? And don't you love it when the
Republicans play both sides of the issue, depending on their view of that issue?
Wow there really are a LOT of clueless people on these boards.A tax
incentive to bring 1,000 decent paying jobs to your state is a great move. The
state will collect all kinds of money from income tax, sales tax, property tax,
gasoline tax, etc. from the salaries these people earn.This is
EXACTLY what Utah needs to bring to our great state.Nice work! Keep
something in utah needs to be done to Help the Job economy&soon
Just a note that the founders of Amano Chocolate are not in anyway associated
with Adobe and definitely aren't any of the heads of Adobe.
JBrady,U r dum. This is as simple as saying "yes" to the following
proposition:If I give you $1.6 billion will you give me $40 million
Government shouldn't be in the business of investing.
Why do we have to "lure jobs into the state"? Why don't we create our own jobs
here in Utah? How about a tax break for the taxpayers of Utah?
Does this job, as so many out of state jobs, require that employees break the
sabbath day by working on Sundays?Will we enforce the e-verify law
so these jobs do not go to illegal aliens?
This is absolutely wonderful news, but people need to recognize the subsidy that
has been given to the company to lure them to Utah. The $40 million is not
unusual -- indeed, corporations often consider a variety of location issues,
from the quality of schools to cost/quality of labor to infrastructure to
quality of healthcare to taxes. A $40 million tax break can tip the decision
when comparable locations in different states are being considered.What citizens need to take away from this good news and HOW it was achieved
was via a GOVERNMENT INVESTMENT into the private sector to create long-term
economic benefit to the state. Government has a responsibility to bolster the
local economy to benefit citizens for jobs AND to collect sufficient taxes to
create the very things businesses seek to establish a place of residence --
namely, good schools, roads, police protection, and the like, all funded by
taxes.Utah's subsidy was nothing more than "stimulus" -- something
so many Utahns oppose, but perhaps through this example, can ultimately
appreciate. Yes, we live in a "free market" society (generally), but the free
market enjoys wonderful support from government incentives and services.
More low paying jobs is what it amounts too, Utah is a sucker state where
illegal foreign nationals are the incentive for these companies. It's not so
good for Utah when these business get huge tax breaks and so do the employees,
illegal alien workers that don't pay taxes. As reported, wages in
Utah are substandard and sub-poverty level, a billion dollar cost reduction
incentive for a large business. Our work ethics is no different from the rest of
the country, but our labor is cheap, and we don't expect any job benefits. The
state makes sure employee's can't get any.Either way, taxpayers
loose again and to recoup the costs will take decades.
Now all we need is Apple to come here and we would really have something.
Please stay in Utah County, we need you here.
So they haven't decided on a location...does that mean it's time for counties
and cities to also line up with tax breaks?
If I understand correctly the incentives are post-performance. In other words,
if Adobe doesn't create jobs, expand their tax base, etc. they get no
incentives. Also, this is how the game is played; if Utah didn't offer
incentives some other state would and Adobe would go there. This all sounds like
a decent deal to me. So kudos the the state's economic development people for
putting the deal together.
That's $40,000 in taxes, per job, over the next 20 years. Tax benefits or not,
it still a gift of money. Like charging something on your credit card and
thinking, not a problem, I'll just pay for it later. I don't think
1,000 jobs are worth it. That's a bad cost per benefit deal.
It's great that another company is coming here, but it's not great that Utah
continues its corporate welfare practices. Open the trough and all come begging
and groveling, expanding the scope and influence of government.
This is wonderful news. And the founder of Adobe is also one of the top three
fine chocolate makers in the world. Amano chocolate is amazing and is based in
Orem, Utah. Both Adobe and Amano are worthy of applause and support.