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Wisconsin
Related: About this forumWEDC board OK'd Ashley Furniture getting $6 million tax credit, cutting 1,900 jobs
http://host.madison.com/wsj/news/local/govt-and-politics/wedc-board-ok-d-ashley-furniture-getting-million-tax-credit/article_6fe5690f-64d0-5829-bc51-3dc59533abe9.htmlThe board overseeing the states flagship job-creation agency has quietly approved a $6 million tax credit for Ashley Furniture Industries with a condition allowing the company to eliminate half of its state workforce.
As approved by the Wisconsin Economic Development Corp. board, the award would allow the Arcadia-based global furniture maker to move ahead with a $35 million expansion of its headquarters and keep 1,924 jobs in the state.
But it wouldnt require Ashley to create any new jobs, instead granting the company license to lay off half of its current 3,848 Wisconsin-based workers in exchange for an enterprise zone tax credit, one of the most valuable and coveted state subsidies.
The boards decision has not been made public because a contract with the company has not been finalized. But in a statement Friday, in response to questions from the State Journal, Ashley Furniture confirmed it is seeking state subsidies that include terms allowing for job reductions.
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WEDC board OK'd Ashley Furniture getting $6 million tax credit, cutting 1,900 jobs (Original Post)
hue
Aug 2014
OP
Dyedinthewoolliberal
(15,485 posts)1. I'm looking for a new bookcase
and it won't be made by this company.........
Scuba
(53,475 posts)2. Crappy, partical-board furniture made by a Walker donor. Ashley gave Walker $20K a couple weeks ...
... after getting their tax credit.
http://www.winonadailynews.com/news/local/ashley-gave-to-walker/article_268813fd-9bdf-5561-802d-633b908bf496.html
Ashley gave $20,000 to Walker
Less than a month after the Wisconsin Economic Development Corp. board approved a $6 million tax credit for Ashley Furniture Industries, the companys owners gave $20,000 to Gov. Scott Walkers re-election campaign....
Less than a month after the Wisconsin Economic Development Corp. board approved a $6 million tax credit for Ashley Furniture Industries, the companys owners gave $20,000 to Gov. Scott Walkers re-election campaign....
Gothmog
(144,005 posts)3. This issue will hurt Scotty Walker