MTSU economist: Nissan electric job projections optimistic
Posted on November 12, 2009 at 1:32 pmDavid Penn at MTSU’s Business & Economic Research Center says the study prepared to help Rutherford County officials justify $62 million in tax breaks for Nissan was a tad too upbeat.
“The analysis done on the multiplier assumes that other jobs that Nissan has stays the same,” said Penn, who is also an economics associate professor for MTSU. “These models they use assume that all sources are fully employed to begin with, but we clearly know that’s not the case right now. So that brings down the multiplier a lot.”
For its part, the accused at Younger Associates say they’ve got the government backing them up.
“The analysis is based on the U.S. Bureau of Economic Analysis multipliers. They are specific to Rutherford County and they are specific to the automotive industry. They are reflective of the past performance of automotive operations in Rutherford County.”
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Nissan’s electric project getting tax breaks
Posted on October 29, 2009 at 10:56 am
The Rutherford County Industrial Development Board will cut the auto maker $62 million worth of slack over 20 years in return for the more than 1,700 jobs expected to be created at its electric car and battery operations.
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Orlando approves incentives for plane base
Posted on April 14, 2009 at 7:24 amThe 200-job project for which Nashville International also is competing has been approved for $220,000 in Orlando tax breaks.
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Should Dell give the breaks back?
Posted on March 19, 2009 at 7:03 pmFrom WSMV:
When Dell Computer opened a factory in Lebanon, it said it would create 1,000 new jobs. But fewer than 300 people work there now, and now some public officials are asking why the company is still getting a tax break.
Dell used to be a humming computer factory, but it’s a shadow of its former self. Last week, the company announced more layoffs. It won’t say exactly how many, but a representative for Dell confirmed the Lebanon plant now has only 250 to 300 workers — about a third of its former workforce.
That’s causing a stir among city officials who gave Dell a 40-year property tax break to move to Wilson County.
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Gaylord’s Arizona backers ramp up
Posted on January 8, 2009 at 2:22 pmBackers of the hotel company (Ticker: GET) have started planting signs for a March vote on diverting $51 million in taxes to help build a resort in Mesa.
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Arizona lawmaker blasts Gaylord tax breaks
Posted on December 11, 2008 at 1:20 pmA state senator doesn’t like the handout the hotel company (Ticker: GET) is in line to receive. But Mesa’s chamber president says the legislator is always coming “from that Libertarian point of view.”
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