Its so nice to hear that another half a million of our tax dollars are going to prop up another private company.

That is what the government is for right?

Cheap, cheap, cheap.

How much is coming out of your pocket? Maybe a two dollars over the course of a year? Government shouldn’t help private enterprise create jobs?

Man, you people are so shortsighted and naive. What a bunch of rubes!!

What is shortsighted about knowing that a robust business that can get its own loans due to solid financials will survive longer than one that gets free money? Can you say Solyndra? More power to them if the jobs last, but I’m inclinded to agree with Anita. It’s not the fact that this is long $2 out of my pocket. it’s $2 here, $3 there, $1 here, $4 there. The government has a role and business has a role. In this country, they are in bed together, thus bailout after bailout. How many BILLION did we hand out? It’s laughable if you think it’s just $2.

I dislike us giving money to companies just on the grounds that it seldom ever gets to employees, rather gets siphoned off by execs as bonuses and payoffs. That kind of greed needs to be severely punished, but as long as the sheeple keep letting them get away with it, it will keep happening.
However. If you spread that 500,000 over 300 employees, then you have an investment of about $1667 per employee. Now, these are fairly high paying jobs, and assuming they don’t weasel out of paying taxes, the state would make that investment back in the tax roles within the first year. With a minimum of 40,000agix7.05 percent=2820. THAT’s the kind of investment by the government that pays everybody off. Now, if they were going to hire them anyways, and decided to take the money just to be greedy and to soak the state, then they should be put in jail. Unfortunately I’m aware of no law against that.

Let’s do some real simple math. 300 new jobs. High paying jobs. Assume these new employees could to pay an average of $3500 in state income taxes per year–an amount that is very conceivable. That amounts to $1.05 million in the state coffers after one year. A 200% return sounds like a pretty darn good investment to me. This company is one of the fastest growing privately held companies in the state–another good reason this makes practical sense.

Also more jobs for remodiling of Buffets Inc and it’s continued upkeep food service etc. Other secondary businesses in the area also benefit.
Also if you look a the PBM business, Prime is very small player going
agenst giants like Medco, CVS, Express scripts etc.

“The loan will be forgiven once….”

What about all the jobs that were lost when the government took the money away from successful companies and people?

Someone is getting a kickback. No one could be so economically stupid.

How many jobs do you think were lost “when the government took the money away from successful companies and people”? You have some factual basis you’d like to share with us?

How for about your assertion that “(s)omeone is getting a kickback”?

No on either one? Huh. Didn’t think so.

Man, don’t you people ever get embarrassed by making such inane and fanciful statements?

First-class share it is without doubt. My father has been waiting for this tips.