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Reply #10: Motorola turned themselves into an also-ran with relocations. [View All]

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Home » Discuss » Places » New York Donate to DU
mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-19-09 11:25 AM
Response to Reply #5
10. Motorola turned themselves into an also-ran with relocations.
Invented the cell phone, had a 100% market share, began moving plants elsewhere, paid some quality and time penalties, and voila, Motorola no longer the most sought after phones in the world.

They're not out of business, they're just out of the running. Truth is, local taxes are deductible from federal taxes, so there are no net local taxes.

Local example: my town (God bless 'em) decided to "lure" an AT&T "call center" from somewhere up north (we're in west Texas), so they offered no local property taxes for 5 years, free training for employees at the local JC, interest free loan to build the place, and 10% subsidy of salaries by the local industrial development board.

Result? Company came, took the goodies, five years later, boarded up, moved to Lubbock for the current best deal. They're in Abilene now, I think.

Result for the town? An empty 20,000 square foot building in an industrial park that never happened. Still empty 8 years later. Also closed one local public swimming pool (out of 3) due to lack of funds.

That's what a race to the bottom gets you - the bottom.
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