Carter Wrenn posted on March 23, 2006 10:48
Not too long ago, Morrisville gave Chinese computer giant Lenovo a million dollar tax subsidy to get it to move its plant there from the Research Triangle Park. The theory was the jobs were worth the million dollars.
Guess what? The News and Observer reported (March 17), “Lenovo, the Chinese company that bought IBM’s PC business last year, plans to slash 1,000 jobs…the company’s site in the Research Triangle Park will lay off 300 – 350 people.”
Is Morrisville going to take back the incentive now?