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Norfolk Southern gets $2 million from state to help move jobs out of Roanoke
Norfolk Southern gets $2 million from state to help move jobs out of Roanoke
Posted: Saturday, April 16, 2016 10:00 pm
By Jeff Sturgeon jeff.sturgeon@roanoke.com 981-3251
Norfolk Southern Corp. expects to receive nearly $2 million from the state to help defray the cost of moving jobs from Roanoke to Norfolk, government records show. ... Virginia law restricts grants that relocate rather than create jobs. But the railroad is counting the jobs pulled from Roanoke as new jobs that allow it to collect state taxpayer money.
What’s missing from the economic maneuvering — which spanned at least the past 14 months — is notification of the General Assembly leaders who have oversight of economic deals that run counter to the goal of job creation.
State law generally bars grants intended solely to defray corporate expenses related to moving jobs from one Virginia community to another. However, if the state secretary of commerce and trade promptly provides a written explanation to the heads of the two General Assembly money committees, it’s allowed.
As of Friday, neither the Senate Finance nor the House Appropriations committees had received notice of the Norfolk Southern grant, which is payable next month, officials said.
Posted: Saturday, April 16, 2016 10:00 pm
By Jeff Sturgeon jeff.sturgeon@roanoke.com 981-3251
Norfolk Southern Corp. expects to receive nearly $2 million from the state to help defray the cost of moving jobs from Roanoke to Norfolk, government records show. ... Virginia law restricts grants that relocate rather than create jobs. But the railroad is counting the jobs pulled from Roanoke as new jobs that allow it to collect state taxpayer money.
What’s missing from the economic maneuvering — which spanned at least the past 14 months — is notification of the General Assembly leaders who have oversight of economic deals that run counter to the goal of job creation.
State law generally bars grants intended solely to defray corporate expenses related to moving jobs from one Virginia community to another. However, if the state secretary of commerce and trade promptly provides a written explanation to the heads of the two General Assembly money committees, it’s allowed.
As of Friday, neither the Senate Finance nor the House Appropriations committees had received notice of the Norfolk Southern grant, which is payable next month, officials said.
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