Gov. Mike Easley has signed into law a compromise bill meant to give financial incentives of up to $60 million to two tire companies that will upgrade their North Carolina facilities.
The bill signed Tuesday is a compromise between Easley and legislators, who approved the incentives earlier in the day.
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The law would give cash incentives to companies with at least 2,000 full-time or contract employees willing to make a $200 million investment in a manufacturing facility over six years in a financially distressed county. The facilities of two tire companies - Goodyear Tire & Rubber Co. in Fayetteville and Bridgestone Firestone in Wilson - fit the bill.
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I really despise corporate welfare.