SWOPblogger

- New state of the art equipment
- 16 billion dollars in Industrial Revenue Bonds
- 1000 jobs lost

What’s the connection?

Communities subsidizing the business and profit of Intel

We hate to say we told you so Sandoval County but...

WE TOLD YOU SO!

This is the result of the lack of accountability in the back room IRB deals.
What more can we expect?

Workers, community members and voters are being provided with a false sense
of security, when the government is telling them that making an investment
in Intel is in the best interest of Rio Rancho.

By not putting clawbacks in these multi-billion dollar deals the community suffers from the economic impact, not Intel.

We have a few questions to ask?

To Intel Corp.:
1. Don’t you feel guilty?


To the media:
1. Why wasn’t Sandoval County Commission asked for a comment for this
article? They signed off on the bonds, we need to hear from them.

2. Why wasn’t a resident from the Village of Corrales asked about the
economic & environmental impact Intel has had on their community?

3. Why wasn’t SWOP, which has worked over 15 years to institute clawbacks in
IRB’s to hold corporations accountable not to mention years spent holding Intel
accountable for environmental pollution, asked for it’s perspective?

4. Why aren’t you informing voters that their government is partly
responsible for the job cuts? The government has historically neglected holding Intel accountable to the community that has given it so much.


To Sandoval County:
1. Why is Intel being let off the hook?

2. What can we expect in the future regarding economic development policies that
directly affect your constituents?

3. 16 billion in IRB’s and no questions asked? Nobody goes “Past Go” unless
they pay. Now that’s fishy.

Read the Journal Article here

Read the Tribune Article here.

Labels: corporate welfare, Intel, IRB's, Job Cuts, Rio Rancho