Friday, January 12, 2007

Free Ride Is Over, Next Sucker Please...

Transamerica Occidental Life Insurance pulling up stakes in Kansas City and shifting 500 positions to Cedar Rapids, Iowa. About 50 underwriting and marketing employees will stay in Kansas City after the move is completed, expected by the end of 2007.

“Our companies continually evaluate their business models and explore ways to improve operating efficiencies,” Brenda Clancy, executive vice president and chief operating officer, said in a release. “By consolidating duplicated functions, we will enhance economies of scale, facilitate improved speed to market for new products and simplify our operating structure. Once the consolidation is complete, we anticipate annual savings of $15 million to $20 million.”


Their tax free ride at the expense of the citizens runs out shortly, they are just going somewhere else to get a free ride.

Cities give away the farm to companies to build their headquarters and such in their community. TIFs, and incentives are the norm. Since Corporate America only cares about its bottom line, they love to play the blackmail game and squeeze all they can out of a community. When the juice is out of the orange, they toss it aside and woo some other sucker.

Think twice cities when the big boys come calling, and remember what you learned in Kindergarten, if it looks too good to be true, it usually is.

No comments: