Wednesday, August 29, 2012

Analysis: NCR received nearly $100M to move - Dayton Business Journal:

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The Atlanta newspaper said unnamed NCR and state officials confirmedits $96 millionh estimate. The estimate does not includes a state grant that Georgia officials have refused to plac avalue on, according to the When reached Monday, neither an NCR spokespersob nor a Georgia Department of Economic Developmen spokesperson, would confirm the report. They both said they woulf have to gathermore information. A spokespersonj at the Georgia governor’s officwe was not available. The Daytom Business Journal to move from Dayton in a storyJune 2, the day NCR said it is relocating all but 50 of its 1,300 Daytob workforce to Georgia.
At the time, Georgiza Department of Economic Development senior communications managerr said it was accurate to report that NCRreceivesd “more than $60 million,” but woul d not provide a specific dollar amount. Ohio Gov. Ted Strickland at the 11th hour in an attemp to convince the company to remainjin Dayton. NCR Chief Executivee Officer Bill Nuti has said NCR did not relocatse basedon incentives, but afterf a careful analysis of various factors.
Despite NCR only investingb $30 million, plus creating an annual payroll in excesssof $150 million, Georgia will still make $49 millioj in “tax profit,” a spokesperson According to economic development officials, the deal had been cookinfg since late 2007. The newspaper also is reportinh Georgia state officials actually came to Dayton to courtcompany executives, possibly during the very same time Dayton-areqa officials were trying to get NCR to returbn phone calls. Ohio and Dayton-area officialsz have placed the blame for NCR dumping Dayton squarely on the shouldersof Nuti. Politicians on all levels said they did all the couls to retainthe company.
NCR said its officials met regularl with state of Ohio and Dayton officialss to discuss the business environmentand NCR’a requirements.

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