Via the Ex Files:
Is Lenoir feeling lucky? Google tax breaks around $100 million. N&O:
Google, which has not committed to a site in Lenoir, could bring $600 million in new investment, equal to half the city's tax base and more than 10 percent of Caldwell County's.
The interesting thing about this to me is that what Google is setting up a server farm and needs a site with a good power infrastructure. Lenoir's lost a lot of manufacturing jobs. The unemployment rate has hovered around 9 percent for a year and has been among the highest in the state for almost a decade. But the power grid that supplied the factories is still there.
Smithfield protest. AP:
The United Food and Commercial Workers Union estimated that 400 people among the 2,500 scheduled to work Monday morning walked out or did not come to work. The union has been running an organizing campaign at the plant and already lost one election.
Bank of America wants to get bigger. WSJ:
U.S. banks are bound by the 10% cap, but Bank of America says it doesn't limit the ability of foreign-based banks -- some of which are among the nation's top deposit holders -- from merging with or acquiring U.S. banks.
Foreclosures at an all-time high. Char-O special report.
General Assembly, Tuesday, January 16, 2007
9:30 AM Revenue Laws Study Committee 544LOB (audio)
10:00 AM Sales and Exise Tax Modernization Subcommittee - Suite 300 conference room N/A1
1:00 PM Income Tax Modernization Subcommittee - Room 328 LOB N/A
1:30 PM Mental Health, Developmental Disabilities and Substance Abuse, Joint Legislative Oversight Committee 643LOB (audio)
2:00 PM Transportation Oversight Committee, Joint Legislative 544LOB (audio)