Corporate Welfare: Hillsborough County Pays $350,000 For 30 New Jobs
The exemption for NewSouth Window Solutions would save the company nearly $50,000 a year in ad valorem taxes and cost the county nearly $350,000 in lost revenue over the seven-year proposal. In return, NewSouth would have to create at least 30 new jobs in Hillsborough County.here
The Hillsborough County Commission unanimously approved this giveaway!
“This is a great story of a manufacturer expanding in our community,” said Hillsborough County Commissioner Sandra Murman. Murman said criticism to past incentives stemmed from a lack of accountability. The NewSouth deal would require the company to create at least 30 jobs or the deal is off.