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Originally Posted by LouisVanDerWright
I still can't believe the Salesforce news on this. I doubt Rahm will give a rats ass about granting them everything they want since he's not running for reelection.
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Man i hope not. The city has the upper hand here.
Also, don't count your chickens just yet on these jobs. The EDGE program is deeply flawed, mostly because the oversight is so weak. Indeed, there's are no regular evaluations to make sure companies keep their promises. Thankfully, the
Tribune did a big study on this to show how the program is really fleecing taxpayers.
"In the first comprehensive analysis of 783 EDGE agreements, the Chicago Tribune found that two of every three businesses that completed the incentive program failed to maintain the number of employees they agreed to retain or hire.
State officials can't say how many jobs have been created through the job program; nor can they say how many jobs EDGE companies have eliminated. The Tribune, however, found that 79 current or former EDGE recipients have reported eliminating 23,369 jobs through layoffs and closures since entering the program.
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But the Tribune's analysis suggests that tax credits often do little to help companies expand or create sustainable jobs. A pattern of deals emerges in which businesses lobbied for maximum rewards and minimum requirements — and the state said yes."
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) for? They obviously don't answer the phone when you call, so give them some work to do
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