.jpg)
Niagara winners Circle has been
following the machinations of government policies particularly as they pertain
to Industry, Commerce and Employment.
In this year of 2012 the NWC has
been apprized of another classic example of our future under the current
Regional Government Administration.
(Welded Tube of
Welland)
It is interesting to observe the
Niagara Regional Councilors as they struggle to come to terms with each agenda
item, as if each separate agenda item has no relation or ramification to
another agenda item.
As we tried to point out in our
article Schizophrenic Conduct our Niagara Regional Council
approved of the following disparate items;
● Council approved increasing development fees on new and/or expanding
Industry, Commerce and Employment from $2.20 to $5.16 an astonishing 134% or
two and a third times higher.
● Council approved an expenditure of nearly $1 million for our Economic
Development Officer to attract new and/or expanding Industry, Commerce and
employment.
● Council approved an extra expense of $470K on top of $3.3million for 14
extra regional employees to assist Niagara’s tens of thousands of unemployed
find work in our politically induced diminishing jobs market.
There is no doubt that the two and a third times increase
in development fees will definitely bring diminishing returns in the form of
less Industry, Commerce and Employment plus the impediment to success of the
EDO’s effort to attract same with the nearly $1million wasted war chest.
While the expenditure to assist
the unemployed is laudable and has even morphed into an expensive necessity, it
is a short sighted solution that is guaranteed to fail in a politically induced
and ever expanding downward spiral.
Higher Taxes and increased Fees
means less jobs, elevated unemployed and even more abject poverty; a level of
misery which will destroy everything that our collective governments profess it
wants to achieve.
Whether good times or bad,
Niagara’s Industrial, Commercial and Employment diminution can be charted over
the last four decades from the inception of Niagara Regional Government to near bottom of most surveys!
~~~~~~~~
Welded Tube
moves closer to a $50M Lackawanna project
Business
First by James Fink
A Canadian firm has agreed to invest
more than $50 million in building its first U.S. operations in Lackawanna, N.Y.
Welded Tube of Canada Inc. Cleared one
of its final hurdles when the Erie County Industrial Development Agencies board
unanimously approved an
incentive package to advance the project.
Welded Tube is a manufacturer of
cold-formed carbon and low-alloy tubular-steel products currently operating in
Welland, Ontario.
Welded Tube is moving their operation to
a 40 Acre site inside the Tecumseh Business Park in Lackawanna, N.Y.
Once
fully developed, the property will generate an estimated $996,000 in property
taxes and new JOBS for LACKAWANNA, N.Y.
Products made in the Lackawanna plant
will be shipped to Welded Tube’s Welland, Ontario plant for finishing on a
temporary basis. Once the N.Y. finishing plant is completed, EVERTHING will be
processed in Lackawanna and then shipped to the Company’s clients.
Besides
the ECIDA incentives, which include $6.8 million in property tax savings and
$850,000 in mortgage and sales tax breaks, the company will be receiving
assistance from the Empire State Development Corporation including utility
breaks.
~~~~~~~~Click No Comments to Comment
