Monday, August 6, 2007

Piedmont Triad on Incentives and Their Impact

The Piedmont Triad landed Honda Aircraft Co.'s manufacturing operations this year, proving that economic development doesn't always have to come at a high price.

For $1.4 million in local incentives and $6.7 million in state incentives, Piedmont Triad International Airport gets 300 well-paying jobs, the right to call this the home of the HondaJet and close ties with one of the most prestigious corporate names in the world.

Some say any incentive payment is too much. But in a year when Caldwell County and Lenoir in western North Carolina showered Google with up to $165 million to locate a major operation there, the Honda deal could be considered a bargain.

Read more here.

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