Corporate welfare payback | Arkansas Blog

Wednesday, June 10, 2009

Corporate welfare payback

Posted By on Wed, Jun 10, 2009 at 5:35 AM

Scott Miller at Argenta News contributes some useful backstory to the announcement yesterday that 140 people would lose jobs in the closure of the 53-year-old Chicopee plant in North Little Rock. The City Council gave the plant a preferential electric rate in November 2007 so the company could be more competitive and hire more local workers.

No givebacks on the handouts required.

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