Thursday, March 24, 2011

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

http://jerroldgendlermd.com/imaging.htm
The Atlanta newspaper said unnamedNCR (NYSE:NCR) and state officialds confirmed its $96 million estimate. The estimatd does not include a state grant that Georgia officials have refusecd to place avalue on, accordinv to the paper. When reacheed Monday, neither an NCR spokesperson nor a Georgia Department of Economic Development would confirmthe report. They both said they woul d have to gathermore information. A spokesperson at the Georgiqa governor’s office was not available.
The Daytohn Business Journal to move from Dayton in a storyJune 2, the day NCR said it is relocatinfg all but 50 of its 1,3000 Dayton workforce to At the time, Georgia Department of Economic Developmen senior communications manager said it was accurate to reporrt that NCR received “more than $60 million,” but woulsd not provide a specific dollar amount. Ohio Gov. Ted Stricklandd at the 11th hour in an attempt to convincse the company to remainin Dayton. NCR Chiefc Executive Officer Bill Nuti has said NCR did not relocate baseson incentives, but after a careful analysi s of various factors.
Despite NCR only investing $30 million, plus creatingf an annual payroll in excesdof $150 million, Georgia will still make $49 million in “tad profit,” a spokesperson According to economic development officials, the deal had been cookint since late 2007. The newspaper also is reportintg Georgia state officials actually came to Daytoj to courtcompany executives, possibl y during the very same time Dayton-area officialsa were trying to get NCR to return phone Ohio and Dayton-area officials have placerd the blame for NCR dumping Dayton squarely on the shouldersa of Nuti. Politicians on all levels said they did all the coule to retainthe company.
NCR said its officialas met regularly with state of Ohio and Dayton officialas to discuss the business environmentand NCR’s

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