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re: JBE: "one of the most significant economic development announcements in Louisiana history"

Posted on 11/13/17 at 3:45 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41084 posts
Posted on 11/13/17 at 3:45 pm to
quote:

You think the money they return in stores, sales tax, etc. will equal or exceed the amount the state is putting up to bring the company here in the first place?


Yes... in spending... most of that will stay here.

I doubt that the total amount returned in tax revenue to the state will ever exceed the amount the state spends. It never does.

These types of programs are never meant to be net-positive for the state budget. They are meant to bring jobs to the residents. Everyone likes to complain that jobs like big manufacturing plants, etc, go to other states... well they provide the incentives.
Posted by ell_13
Member since Apr 2013
88021 posts
Posted on 11/13/17 at 3:46 pm to
quote:

They are meant to bring jobs to the residents.
Well, then this program will be an even bigger failure.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41084 posts
Posted on 11/13/17 at 3:46 pm to
quote:



Right, and that's basically telling recent graduates in who studied tech in school and people like me who have a ton of experience in IT a big frick you because this company doesn't want to pay market wages. Then people start bitching about the brain drain in the state and why we can't seem to keep or attract educated people to Louisiana so more high tech companies could potentially come here without our state giving up taxpayer money to do so.


If you don't want to work for them... then don't work for them.

quote:

H1B visas are abused, period.


Absolutely... but what does the state or city government have to do with that?
Posted by lilsnappa
The Lu
Member since Mar 2006
1891 posts
Posted on 11/13/17 at 3:47 pm to
After participating in this thread all day, I now understand why Louisiana can't have nice things.
Posted by member12
Bob's Country Bunker
Member since May 2008
33142 posts
Posted on 11/13/17 at 3:47 pm to
quote:

They're going to claim they can't find talent because of some bullshite job requirements that nobody would have. For example, 10 years experience managing Windows Server 2016, not just Windows Server, the latest version that's only been on the market for a fricking year.


A position that they'll eventually fill with an unexperienced H1B employee and train them to do the job instead of developing talent locally.
Posted by LSUlunatic
Member since Dec 2006
6833 posts
Posted on 11/13/17 at 4:01 pm to
quote:

If they're looking for office work, i know a startup in the CBD that's hiring tons of developers

What’s the startup?
Posted by lilsnappa
The Lu
Member since Mar 2006
1891 posts
Posted on 11/13/17 at 4:02 pm to
quote:

quote:
If they're looking for office work, i know a startup in the CBD that's hiring tons of developers

What’s the startup


Lucid?
Posted by Napoleon
Kenna
Member since Dec 2007
74290 posts
Posted on 11/13/17 at 4:21 pm to
A few months back someone told me that. They were right about the one in Kenner.
Posted by DandyPimp
New Orleans
Member since Jan 2007
1118 posts
Posted on 11/13/17 at 4:31 pm to
quote:

After participating in this thread all day, I now understand why Louisiana can't have nice things.


Ha - at least give it 6 months before declaring it a failure
This post was edited on 11/13/17 at 6:00 pm
Posted by dewster
Chicago
Member since Aug 2006
26608 posts
Posted on 11/13/17 at 4:46 pm to
quote:

Yes, Land Rover wanted to use the old Shreveport GM plant, but Elio nixed it.


A bird in the hand......

Blows my mind that the state did that.
Posted by lilsnappa
The Lu
Member since Mar 2006
1891 posts
Posted on 11/13/17 at 4:50 pm to
quote:


Ha - at least give the the 6 months before declaring it a failure


Its not the announcement (it has the potential to be good for the state), it's the attitude in the responses.

The state needs economic diversification, it cannot improve itself with a foundation of tourism and O&G. This is more sustainable than the media credits or anything that has been tried in recent years.

This is investment in getting the population educated and experienced in technical skills not available today. These jobs are the manufacturing jobs of this century, not anything that's going to turn nola into silicon valley.


Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 11/13/17 at 5:11 pm to
quote:

Its not the announcement (it has the potential to be good for the state), it's the attitude in the responses.

That attitude is because we've ALL seen this song and dance before. We expect for the state to be corrupt and/or bungle this, paving the way for the company to come in and economically develop the frick out of us.

I hope that the pessimistic are wrong, but sure as hell won't be wearing my shocked expression if they're right.
This post was edited on 11/13/17 at 5:14 pm
Posted by jennyjones
New Orleans Saints Fan
Member since Apr 2006
9964 posts
Posted on 11/13/17 at 5:22 pm to
Ok, so what was the big announcement?
Posted by lilsnappa
The Lu
Member since Mar 2006
1891 posts
Posted on 11/13/17 at 5:52 pm to
quote:

I hope that the pessimistic are wrong, but sure as hell won't be wearing my shocked expression if they're right.


:kige:
Posted by Chicken
Jackassistan
Member since Aug 2003
27475 posts
Posted on 11/13/17 at 6:10 pm to
see first page
Posted by lilsnappa
The Lu
Member since Mar 2006
1891 posts
Posted on 11/13/17 at 6:20 pm to
Well played, sir.
Posted by RobbBobb
Member since Feb 2007
34286 posts
Posted on 11/13/17 at 7:05 pm to
quote:

To land the deal, Louisiana Economic Development offered DXC an incentive package valued at about $115 million

quote:

DXC plans to fill 300 jobs — largely information technology and business positions — in 2018, then ramp up to 2,000 jobs over five years. Its local payroll is expected to exceed $133 million by 2025.

Elio part 2
Posted by SelaTiger
Member since Aug 2016
21838 posts
Posted on 11/13/17 at 7:16 pm to
It really is nice having a hard working governor like JBE. What a governor! What a patriot! Louisiana will be booming before we know it.
Posted by supadave3
Houston, TX
Member since Dec 2005
32176 posts
Posted on 11/13/17 at 7:23 pm to
quote:

A bird in the hand......

Blows my mind that the state did that.


What's the story here? I don't know anything about this apparent mishap.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 11/13/17 at 8:05 pm to
quote:

What's the story here? I don't know anything about this apparent mishap.


The state had nothing to do with the mangled real estate deal. The Shreveport Indusrial Development Board loaned Elio $7m. Which was enough for Elio to buy the GM plant from the bankruptcy group that owned it after their 2009 filing.
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