Sun, Nov 22 2009
|
Published November 09, 2009 12:15 am - Oklahoma officials bent over backwards trying to accommodate Mercury Marine and keep the outboard motor plant operating in Stillwater. City and chamber officials as well as state leaders pulled out all the stops in hopes of keeping the plant here and even expanding its longtime presence in Stillwater. Corporate relocation threat costs taxpayers $123 million Oklahoma officials bent over backwards trying to accommodate Mercury Marine and keep the outboard motor plant operating in Stillwater. City and chamber officials as well as state leaders pulled out all the stops in hopes of keeping the plant here and even expanding its longtime presence in Stillwater.
Now, the Milwaukee Journal Sentinel reports the state of Wisconsin was also in on the bidding. Fond du Lac County put up a $50 million loan, the city contributed $3 million and the state offered tax credits worth up to $70 million. So the package put together by the state of Wisconsin to keep Mercury Marine's headquarters and plant there cost taxpayers in excess of $123 million. Oklahoma couldn't and shouldn't compete against that. Mercury used the Oklahoma plant to get concessions from workers in Wisconsin and held out the threat of moving work and jobs here. They did both states a disservice. 
More from the Opinion section
Oklahoma's job gains nation's fourth highest |
Print this story
Post to del.icio.us
 |
 |
 |
|||||
|
|||||
 |
|
||||||
|
||||||
|
|
|
|
|
© 2008, The Norman Transcript
P.O. Drawer 1058, Norman, OK 73070 Phone: 405-321-1800 Fax: 405-366-3516 Send us your news tips & comments. 
|
Popular Business directory links - Norman Apartments | Norman Attorneys | Norman Auto Dealers | Norman Auto Parts | Norman Auto Repair | Norman Beauty Salons | Norman Car Rental | Norman Dentists | Norman Doctors | Norman Flowers | Norman Hotels | Norman Insurance | Norman Loans | Norman Mortgages | Norman Movers | Norman Pizza | Norman Realtors | Norman Restaurants | Norman Storage | Norman Tax Preparation | Norman Travel | Norman Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
