The windfall of cash and tax incentives for Celgard, LLC continued this past Monday night as the Cabarrus County Commission voted (4 - 1) to grant the global company some very "generous" corporate welfare. Celgard will receive a cash payout of $350,000 and will be eligible to receive a rebate of 85% of their ad valorem taxes for a total of 12 years (a series of three [4 year] grants).
Obama and the Department of Energy pulled $49 million out of thin air on behalf of Celgard...
The State of NC coughed up $995,000 in cash with a tax grant the could be worth $4.6 million...
The City of Concord awarded over $1 million of tax incentives...
I wonder how much US taxpayer money will go towards the expansion of Celgard's South Korea plant?
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