Thursday, January 15, 2009

IBM Coming to Iowa

First Google. Then Microsoft. Now it's IBM that is moving to Iowa. Iowa Governor Chet Culver announced the company was bringing about 1,300 jobs to Dubuque. Taxpayers are kicking in about $53,000,000. By my math that works out to $40,769 per job. Is this how you want your tax dollars spent? Is this how it works these days? Should the state do more of this to lure other big name companies to our state as we move on from an all-farm-all-the-time economy?

1 comment:

Jenny F. said...

This may be how the game is played, but I don't like it. Can't we give them loans and then make them pay it back? Why should taxpayers subsidize their profits?