Corporations and government handouts…2 things that go together like peanut butter and onions. When someone is given free money they spend it like…free money. The 840 committee is being prudent in making sure the company has “skin in the game”. Instead of free money , why not an extended tax break instead. At least if the company fails the city is not left with a 500 thousand dollar hole.
What caused us to put this down in writing? Check out recent news about Food Energy LLC wanting to put a processing plant in the Scottsbluff, NE area.