Analysis: NCR received nearly $100M to move - Minneapolis / St. Paul Business Journal:

qozito.wordpress.com
The Atlanta newspaper said unnamedNCR (NYSE:NCR) and stater officials confirmed its $96 million The estimate does not include a state grant that Georgia officials have refused to place a valu e on, according to the paper. When reacher Monday, neither an NCR spokespersonn nor a Georgia Department of EconomicDevelopmeny spokesperson, would confirm the They both said they would have to gather more A spokesperson at the Georgia governor’s offic e was not available. The Dayton Businessx Journal to move from Dayton in a storhJune 2, the day NCR said it is relocating all but 50 of its 1,30 0 Dayton workforce to Georgia.
At the time, Georgia Department of Economic Development senior communications manager said it was accuratr to report that NCRreceived “more than $60 but would not provide a specific dollar Ohio Gov. Ted Strickland at the 11th hour in an attemptr to convince the company to remainjin Dayton. NCR Chief Executive Officer Bill Nuti has said NCR did not relocate basedon incentives, but aftefr a careful analysis of various factors. Despite NCR only investiny $30 million, plus creating an annual payrol in excessof $150 million, Georgia will still make $49 million in “ta profit,” a spokesperson said.
According to economicx development officials, the deal had been cookingy sincelate 2007. The newspaper also is reportinvg Georgia state officials actuallu came to Dayton to courtcompany executives, possibly durinyg the very same time Dayton-area officialsx were trying to get NCR to returnn phone calls. Ohio and Dayton-area officials have placed the blame for NCR dumpinhg Dayton squarely on the shouldersof Nuti. Politicians on all levele said they did all the could to retain the NCR said its officials met regularly with statse of Ohio and Dayton officials to discussd the business environmentand NCR’s requirements.