But none of these concerns stopped the state from awarding Time Warner Cable $3.1 million in tax breaks for a Buffalo call center that will employ 152 people.
This is a company that charges you $100 a month for cable and Internet service and raked in $21 billion in revenue last year.
Assemblywoman Crystal Peoples-Stokes, D-Buffalo, said such jobs typically pay an average of $15 an hour nationwide, or $31,200 for a 40-hour workweek. That means roughly two-thirds of the average salary would be paid for by tax credits.
Terence Rafferty, regional vice president of operations for Time Warner Cable, confirmed that other states were in the mix, with their own incentives.
Still, he said it wasn’t just the money. “Tax incentives are a business decision,” he said. “At the end of the day, it’s the people. That’s what makes a business great, the people, not tax incentives.
If that’s true, Mr. Rafferty, please give the incentives back to a community struggling to shore up its tax base.
The size of the tax breaks mean that like Xerox’s call center in Webster, the state could foot the bill for much of the cable giant’s investment. The state is paying rich companies to open call centers that don’t provide the stability needed to rebuild and revitalize the economy.
Links of the Day:
- I reported on the Regional Economic Development Councils failure to disburse money quickly to projects. The state says it doesn’t pay for projects until they’re completed. That makes sense. But when only $19 million has been disbursed out of $1.5 million, there are questions about what is being accomplished.
- Six in 10 children who have Medicaid did not see a dentist in 2011. Dentists often don’t accept Medicaid patients.
- The majority of service members who are sexually assaulted every year are men.
- A Hamburg mother is furious at a crazy teen party at her house that ended with the family car being stolen and set on fire.
- Supreme Court Justice Sonia Sotomayor made a secret visit to North Syracuse graduation ceremony.