Before we get into this any further, let me ask the obvious question: does a company that can spend 2.5 billion dollars on buying Kodak’s medical imaging division and another 12 million dollars to spruce the place up really have any particular use for $725,000 in tax breaks? How useful is that tax credit to them compared to the use that the citizens of this state might have gotten out of that same money?
But don’t tell that to Maggie Brooks. She’s just gotten started crowing about the big deal she landed with all her political prowess. That and giving away $1,500 in state tax revenue per job promised, more if those jobs aren’t delivered:
Carestream gets $725,000 in tax breaks || Democrat & Chronicle: Business
Carestream Health Inc., the big new company being formed from the sale of Eastman Kodak Co.’s health imaging division, received $725,000 in tax breaks Wednesday from the County of Monroe Industrial Development Agency.County Executive Maggie Brooks cheered the COMIDA vote, which came at a special meeting.
“We are excited to welcome Carestream’s world headquarters to Monroe County and we thank the company for its commitment to retain and create more good jobs in our community,” Brooks said.
She praised Carestream for recognizing the region’s strengths, “including our highly skilled work force.”
Huh! They must have forgotten to mention the region’s weaknesses that drew them here: sucker politicians who give away the cow for a gallon of milk. Wonder how balancing that budget deficit is working out?
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