Skinny is getting so damn boring....but there is a little nugget

[Debi]

for those who were never fans of the Grow Iowa Values Fund

http://www.dmcityview.com/skinny.shtml

<snip>

The new math: In case you missed it, here are some figures from another economic development program. In 2004, Wells Dairy was thinking about moving its headquarters out of state. So the state gave the Le Mars company a forgivable loan of $2.9 million if it would build a $25 million headquarters in Le Mars, retain its 346 jobs and add 129 new ones, for a total of 475. The company built the headquarters, but today it employs just 317 people. In other words, it didn’t add any jobs and in fact cut 29 positions. So it has returned $1.25 million of the $2.9 million. Looked at another way, it got $1.65 million for cutting 29 jobs. “Wells’ Dairy’s request for state assistance was made in good faith,” Mike Wells, the company’s chief executive said. Of course. Skinny, in good faith, is willing to reduce its own staff by 10 percent or so if the state will pony up a million or two.

<snip>

++++++

I'm now going to ask Mr. Debi to fire me b/c we could use a cool mil. :hi:

Also news on Vision Iowa $$ if you care to click on the link.

[progressoid]

1. Should we expect any different from GOP supporters?

I have heard that a lot of people in LeMars are pissed at Wells about this and other crap that Wells has done lately.



Here's a nice little place that Dan Wells built as a "hunting retreat" http://holenthewalllodge.com/default.htm

[Debi]

2. Our tax dollars at work! Wonder if he'll let his out-of-work former employees

stay there while they look for another job?

[progressoid]

3. I went there for a family reunion this summer

I thought it was just a local business and wondered how they could possibly make back their investment. It's a VERY nice place - no corners cut.
Then I found out that it was a Wells thing (not Wells the corporation IIRC, but still Wells money). I don't think they care if they make a profit. This is just one of their little playlands.