Tribune editors thought the $100 million promised Motorola Mobility to stay in Illinois was the most importat story for Saturday.
Would $17 million (the same 34,750 per job offered Motorola Mobility) have saved these positions?
Using a method Democrats seem to understand, Governor Pat Quinn has offered Motorola’s newly-spun off cellular division $100 million not to move to sunny California.
Exchange of things valuable.
Our tax dollars for jobs.
Quinn pro quo.
3,000 jobs that are already here is the prize.
The Tribune says that works out to $34,750 per job retained, “considerably more than the $15,000 to $20,000 per job that is more typical when the state awards tax credits to keep or attract businesses.”
Meanwhile other big Illinois employers gave notice that 474 employees would be cut.
Illinois apparently does not have assets other than taxpayers’ money to induce profit-making entities to settle or stay in Illinois.
And, of course, this bears no resemblance to Quinn’s offer of an $86,000-plus job on the Prisoner Review Board to defeated State Rep. Careen Gordon.
Just a Quincidence that she voted with fellow Democrats to hike income tax rates 67% after promising voters she would not during her campaign for re-election.