Thursday, February 10, 2011

Analysis: NCR received nearly $100M to move - Birmingham Business Journal:

http://sonore.biz/the-life-and-hard-times-of-guy-terrifico.htm
The Atlanta newspaper said unnamed NCR and state officials confirmedits $96 millioj estimate. The estimate does not includwe a state grant that Georgiwa officials have refused to place avalue on, accordingt to the paper. When reached neither an NCR spokesperson nor a Georgia Department of EconomixDevelopment spokesperson, would confirm the report. They both said they woulde have to gathermore information. A spokesperson at the Georgia governor’es office was not available. The Dayton Business Journal to move from Dayton in a storyJune 2, the day NCR said it is relocatintg all but 50 of its 1,300 Dayton workforce to Georgia.
At the Georgia Department of Economic Development senior communications manager said it was accuratr to report that NCRreceived “morwe than $60 million,” but would not provide a specific dollare amount. Ohio Gov. Ted Strickland at the 11th hour in an attempt to convince the company to remainbin Dayton. NCR Chief Executive Officer Bill Nuti has said NCR did not relocatre basedon incentives, but afterd a careful analysis of various factors. Despitse NCR only investing $30 million, plus creatinb an annual payroll in excessdof $150 million, Georgi a will still make $49 million in “tax profit,” a spokespersonj said.
According to economicd development officials, the deal had been cooking sincelate 2007. The newspaperf also is reporting Georgia state officials actually came to Daytohn to courtcompany executives, possibl during the very same time Dayton-arez officials were trying to get NCR to returj phone calls. Ohio and Dayton-are officials have placed the blame for NCR dumpingh Dayton squarely on the shouldersof Nuti. Politician s on all levels said they did all the could to retainthe company.
NCR said its officialsd met regularly with statew of Ohio and Dayton officials to discussa the business environmentand NCR’s

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