George Hartzman posted, About those 682 jobs the "Greensboro" Econ Development folks created in "Greensboro"; 523 of the jobs were not created in Greensboro?
In reality it was 323 of the jobs were not created in Greensboro as the Procter & Gamble Browns Summit factory actually lies within the corporate city limits of Greensboro. But still, as Mr Hartzman points out the majority of Greensboro's jobs and economic development dollars are being sent outside of Greensboro.
The actual quote from Dan Lynch, president of the Greensboro Economic Development Alliance:
“There were many more jobs created in Greensboro than 682,” Lynch said. “The numbers that we report are only numbers announced by companies that we helped either expand here or locate.”
Perhaps Mr Lynch doesn't know where Greensboro is?
But George missed the fact that FFF Enterprizes is located in Triad Business Park in Kernersville, not Greensboro. Add 31 jobs to the 323 to come up with a total of 354 jobs outside of Greensboro.
And LabCorp? They promised 373 new jobs and to move 52 employees to Greensboro from Burlington but only delivered 87 worker bees. What's up with that?
So far over 50% of the jobs Dan Lynch claims to have brought to Greensboro actually went to other cities and the jobs that were promised to come to Greensboro have yet to arrive. George writes:
"If Guilford County gives $200,000 and Greensboro $130,000 every year to help fund the Greensboro Economic Development Alliance, Greensboro's obviously is not getting their money's worth, and from what I understand of the situation, neither is Guilford County."
But as George points out, Greensboro City Councilman, Zack Matheny-- Mr Lynch's most vocal critic on the City Council-- is also persuing the same failed agenda of placing Greensboro's jobs and economic development dollars outside the Greensboro City Limits:
"Bogus assumptions in by those who would profit, unrealistic propaganda by a candidate who most likely knew the numbers were no where near realistic.
Allowing the advocates of Haystack to assume $408 million incoming annual investment for more than 15 years strait, that has to my knowledge never been done at one site, in or anywhere near the Piedmont Triad over the last 20 years was a mistake on the part of the elected officials who brought the real estate players to the table, which in this case appears to have been Zack Matheny and Robbie Perkins.
Of the one data center the City has brought in over the last 10 years, the other that was supposed to be on Roy Carroll's property, which received city paid for water and sewer at an immense cost, has yet to appear.
Now these folks want us to spend $100 million upfront with no claw backs for what hasn't really been showing up organically, other than Richard Beard's sale at Rock Creek?
WTF?
Zack appears to be selling District 6 voters a bridge to nowhere."
But it's not just George and myself. Roch Smith jr has the economic study as well and Roch writes:
"Those estimations are just not there. Not in the source to which they are attributed. Take a look at the study for yourself. There is nothing that relates to job projections or that estimates investment. The study evaluates available infrastructure: roads, broadband, electricity, etc. It does not make any economic projections and mentions nothing about jobs or private investment."
Roch includes a link to the study.
The fact is: despite his title as president of the Greensboro Economic Development Alliance, Dan Lynch is a publicly subsidized commercial real estate salesman. Greensboro City Councilman Zack Matheny is in the business of selling commercial real estate as well. And Zack is simply trying to use his position on city council to weed out some of the competition at a time when the commercial real estate market is imploding and pick up a few votes for his run for Congress.
You see, for them, none of it is about economic development. It never was.
Please continue reading Incentives In Greensboro: Part 22: Bluring The Lines
