Odd thing, all the corporate tax cuts and favors don’t amount to a hill of beans when it comes to a companies own bottom line and changing market.
Scott Walker’s choice to focus all his effort on the states older and fading manufacturing economy isn't working. His hostility toward the new economic engines; energy, technology and bio-science has made the loss of an established business that much harder:
WBAY: A ConAgra cookie plant in Ripon is closing, leaving more than 300 people without a job.Union leader Alex Gillis says the union was notified of the closing of the west plant at 8 a.m. Monday. The plant is expected to close by the end of the year, according to Gillis.This is Walker's economy, what he calls a template for the rest of the nation.
ConAgra released this statement to WBAY TV in Green Bay: "Following an extensive evaluation of our plant network, we have determined that we need to close the soft bake and enrobed cookies facility in Ripon, WI..
And this particular company actually got WEDC money!ReplyDelete
Conagra has 2 cookie factories in Ripon - one for "soft bake" and one for wafers.
In 2013 the wafer factory got a $400k WEDC tax credit for creating 128 jobs and "retaining" 182.
Go to here and search "Ripon" -- http://annualreport.inwisconsin.com/
Now, they're closing the "soft bake" factory and the cookie outlet shop and laying off 300-320 people. An AP story I saw earlier today said the remaining wafer factory now only employes 80 people.
Not sure how all the math works out on that one, but this smells a bit like Plexus and Eaton all over again.