Kia comes to Georgia.

Fox 5 in Atlanta just reported that Kia will build a new plant in West Point, GA:

South Korean automaker Kia Motors Corp. will open a $1.2 billion plant in Georgia, creating almost 5,500 new jobs in the state, officials announced Sunday night. Cars will begin rolling off the plant’s two assembly lines in August 2008. The two million square foot plant will be in West Point, Ga., a town of 4,000 near the Alabama border. It will be Kia’s first U.S. manufacturing plant.

Good news indeed.

5 comments

  1. buzzbrockway says:

    So 5500 new jobs for Georgians is not good news?

    You’ll get no argument from me about using the tax code to affect behavior. I don’t like it, and I’ve posted on this blog several times that I wish it didn’t happen. However the real world fact is that it does and until the government finds a way to operate without taking money out of the economy, these sorts of incentives will be offered.

    BTW, Mississippi offered $1 billion of State and Federal money to Kia, while Georgia offered $400 million. Our offer wasn’t small, but I suspect the net gain to the State will be positive.

  2. Dignan says:

    Buzz: 5,500 new jobs for Georgians at the price of expropriating $400 million from taxpayers is NOT good and is as anti-capitalist as it gets. Am I wrong in assuming that you are a supporter of free-market capitalism?

  3. buzzbrockway says:

    Well, I’m really a closet Marxist. 😉

    I support lower taxes, and less spending (read my post about TABOR). I support eliminating the income tax and replacing it with the Fair Tax(my personal blog has plenty on that subject). I support the budget proposed by the Republican Study Committee (read my post) which cuts $650 billion with a “b” over the next five years, eliminates transportation earmarks and many other pork laden items. I support the privatization of road building (read my post), and I support many other free-market ideas which I’m sure we’ll talk about in the days ahead.

    In a perfect world, governments would not compete for jobs using the tax code, but we don’t live in a perfect world. So what’s the answer – simply not offer any tax incentives to business? I don’t think that will work. In the long term, we should pursue a lower tax, smaller government agenda, but we can’t make the perfect the enemy of the good. We still need more jobs in Georgia and offering tax breaks is part of the competition amongst States for those jobs.

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