Company Closes After Taxpayers Spent Thousands Training WorkersAugust 25, 2017 |
by Rick Rothacker
North Carolina taxpayers have spent about $163,000 to train employees of the Alevo battery factory in Concord that shut down abruptly last week amid a Chapter 11 bankruptcy filing.
Multi-million dollar tax incentives typically get more attention when the state awards them to companies as carrots to lure new jobs. But these firms often receive another benefit as part of these economic development packages: classes for their workers at local community colleges.