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Feb
09

Corporate Welfare Update

From our good friends over at the NC Institute for Constitutional Law.  More taxpayer giveaways:

$107,170 in tax incentives grants was approved on Monday, February 1, by the Statesville City Council for an unnamed furniture company to expand its local operations.

~ Jim McNally, Statesville Record & Landmark, February 4, 2010

$100,000 to Commonwealth Brands Inc. from the state’s One North Carolina Fund to add a product line for its cigarette tubes. The Corporate Welfare Weekly’s issue #34 previously reported that the company is also eligible to receive an additional $83,207 from the City of Reidsville and $81,600 from Rockingham County.

~ Richard Craver, Winston-Salem Journal, February 4, 2010

$341,000 in local incentives has been approved for Kewaunee Scientific Corporation, a localStatesville laboratory furniture manufacturer. The company is to receive $184,000 from Iredell County and $157,000 from the City of Statesville. The furniture manufacturer announced it will be expanding its operations and renovating its corporate headquarters.

~ Joe Marusak, Charlotte Observer, February 4, 2010

$50,000 in incentives has been approved for Solaris Industries, Inc. from the One North Carolina Fund. The international manufacturer of steel tubing will build a new manufacturing facility in the Cleveland Town of Kings Mountain. All One North Carolina Fund grants require a local match.

~ Chris Baysden, Triangle Business Journal, February 3, 2010

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