Kara Kenney of WRTV reports:
Indianapolis - Rolls-Royce is continuing to receive tax breaks
despite laying off hundreds of employees over the past year, Call 6
Investigator Kara Kenney reported.
Effective Dec.5, Rolls-Royce eliminated positions for 200 operations employees in Marion County.
this year, on Jan. 6, the engine maker had a reduction in force of 330
positions that impacted both salary and production employees, according
to Joel Reuter, vice president of communications for Rolls-Royce of
As part of its Amended Memorandum of Agreement with the City of
Indianapolis signed in Feb. 2013, the company agreed to relocate
thousands of jobs to the Rolls-Royce Meridian Center in downtown
Indianapolis as part of its “advanced manufacturing operations retention
initiative in Marion County (the Tibbs/Raymond Complex Initiative).”
Lotter, spokesperson for Indianapolis Mayor Greg Ballard, explained a
tax abatement is not forgiving existing taxes, but only lessening a
percentage of taxes a company would pay because of a new investment.
Huh? Anyway Lotter goes on to say that Rolls Royce's employment level of 4,300 is sufficient enough to keep the abatement, even with the layoffs of 530 employees. Funny... when the abatement was handed out, Mayor Ballard bragged about how it would create 100 new jobs. Froma March 6, 2012 press release
issued by Develop Indy:
Ind. – Mayor Greg Ballard today was joined by executives from
Rolls-Royce to announce that the company will invest $42 million in a
new advanced manufacturing facility in Indianapolis, creating over 100
new jobs by 2014.
“Today’s announcement reflects Rolls-Royce’s
confidence in the stable business climate of Indianapolis,” said Mayor
Ballard. “This environment is a large part of why Indianapolis is
competitive in the global economy. The addition of over 100 new jobs
provides opportunities for our skilled workforce. We are thrilled
Rolls-Royce has chosen to expand in Indianapolis.”
So we taxpayers are not, as promised in 2011, subsidizing 100 new jobs but rather a company that cut 530 jobs?
Americans are subsi-dazed; while seeking a cure for viral statism.
This 'amendment' to the abatement has CYA written all over it.
Republicans love welfare, but only for corporations. Socialize the risk and privatize the profits. Wake up you stupid bastards.
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