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UPDATED: 2007-02-16

Lenoir Officials Abandoned Economic Study Of Google Tax Incentives By: Andy Beal 2007-02-16 Wow, it's going to be hard for Lenoir and Caldwell County officials to keep justifying their decision, to provide Google with 30 years of tax breaks... ...when they didn't even finish an economic study to see if a data center would be beneficial or not. Local officials ran a computer analysis that determined a state job-creation grant of almost $5 million would generate more than $45 million in state revenue over 12 years. But they didn't study whether committing to three decades of tax breaks made economic sense. "Intuitively, the numbers showed it was a good deal," Lenoir City Manager Lane Bailey said Wednesday. Oh cool, because there's nothing us taxpayers trust more than the intuition of our elected officials. Hat-tip Techdirt. Comments Tag: Google Add to Del.icio.us | Digg | Furl View All Articles by Andy Beal About the Author: Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].

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