$6 million goes to Norwalk company

New Horizons Baking Co. in Norwalk will receive a $6 million boost to its business, Huron County commissioners announced today.
Annie Zelm
Aug 26, 2010

New Horizons Baking Co. in Norwalk will receive a $6 million boost to its business, Huron County commissioners announced today.

The company, which manufactures breads for food corporations including McDonalds, received $1 million from the Ohio Department of Development earlier this year for its second expansion project in 12 months. In March, Genesis Baking Company, a division of New Horizons, announced a $3 million expansion expected to add 25 jobs.

"It's just another step for them to expand and retain jobs," commissioner Mike Adelman said.

Read more in Friday's Register about how New Horizons plans to use the money.
 

Comments

Perkins2060

They make buns for Mcdonalds which is who the do good liberal junk food police are attacking.  Way to waste money!  This money could have went to a tofu factory or a rice cake factory! 

Chevy1

Why give out money to large companies that are already making a profit? The city of Norwalk and just about every other city could use some of this stimulus money just to keep providing basic services.

MiddleRight

Yes, Chevy1, why would we give money to a company that will actually use it to create more jobs?  That sounds crazy.  Better to give it to governments that friviously waste it.

It think you will find this money comes in the form of low interest loans.  I doubt they were "given" cash.

 

here in ohio

RIGHT ON  MiddleRight well said !!

I

 If the government is giving this company $6million to add 25 jobs, that figures out to 240,000 taxpayer dollars per job added.  What's wrong with this picture?

starryeyes83

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6079 Smith W

While numerous local small businesses struggle to keep their doors open with many of them not succeeding and going broke, the county govt. decides to help one enterprise with $6M?

Deciding which private enterprises succeed and which one fails is not the responsibility of the Federal, state or local govt. In fact, govts. tend to be very lousy at picking business winners and losers.

In effect, govt. is helping to buy jobs and eventually it becomes a losing proposition.

Govt. cannot give anyone a dollar without taking a dollar from someone else and so one person’s (or company’s) subsidy is another person’s tax.

If your company goes out of business and you lose your job, should you be happy that NHBC received help from the govt. in order to stay in business and perhaps hire 25 employees within 3 years?

Mr. D

In Ottawa, Oh, south of Findlay, the State of Ohio is giving Silgan Plastics hundreds of thousands of dollars to create 30 jobs...And the village of Ottawa is getting $150,000.00 in grant money to expand utilities for the Silgan Plant.  However, Silgan is closing their plant in Port Clinton putting over 150 workers out the door....

Something is wrong with this picture, also.  Maybe its time to investigate the Ohio Dept. of Development...

Mr. D

One has to wonder if workers at another New Horizons affiliate lost their livlihood to "create" these jobs in Norwalk.

starryeyes83

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starryeyes83

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starryeyes83

Is that better?

 

starryeyes83

affirm action at  its' best.

brutus smith

 middle right, explain to me how a company "creates" jobs.

 

Repubs have nothing, nada, zilch.

MiddleRight

Brutus, you post the most worthless stuff.

Create, means to make something that did not previously exist.

You explain to me how they are counting the jobs "created or saved" by the $800B stimulus.

brutus smith

 Demand for something creates jobs. Having a new product nobody wants doesn't create jobs. Tax cuts do not create jobs. The stimulus created a demand. Schools, roads, housing. You post some of the most worthless stuff.

 

Repubs have nothing, nada, zilch.

Salvatore

Very good example of corporate welfare. There were other recent grants before this $6 million grant.

http://www.morningjournal.com/articles/2010/02/09/news/mj2277500.txt     $1 million in February

http://www.morningjournal.com/articles/2010/06/15/news/erie_huron/doc4c17a5216bedf792092846.txt

$25,000 grant in June.

How many other businesses get this kind of free money from the taxpayers? This is a privately owned company. How much compensation does the owner and CEO and other big shots get paid? Since it is a privately owned company, the salaries of the big shots will remain a secret.

MiddleRight

Seriously, libs will slant the media however they want to.

Salvatore, these are not "Grants" which do not get repaid, but Bonds which are repaid with a low interest rate.  And so that you are not in the dark on this, private businesses often get Bonds, Grants, Tax abatements and other governmnet incentives to retain and grow their businesses.  You see, contrary to the liberal point of view, businesses are good becuase they have employ people and pay wages.  Without them, there would be no one to pay for your social programs that give money who do not work.

But again, these funds were provided through the American Recovery ACT.

MiddleRight

Salvatore, Brutus should applaud the previous $1M they received, it was stimulus money, which he said created demand.

The stimulus did not create a demand for anything.  Cash for clunkers only encouraged people who were going to purchase new vehicles to do so quicker.  Free mortgage money only encouraged people who were going to purchase a home to do so quicker.  Look at the demand for these products once the "free" gov't money went away.  It didn't create any additional demand, only moved sales forward on the calendar.

You can't create demand for schools and roads.  Either new ones are needed or not.  If you are artificially creating the demand, then you are wasting money replacing assets that are still in good working order.

The econcomy isn't seeing any of the "demand" that this wasteful spending created.  In fact, most economists are now worried about a double dip recession.

Libs have spending, waste, no answers.....

brutus smith

 No one has ever said all businesses are bad. But businesses who ship their jobs overseas for greed and then try to hide their profits are bad. We don't need them. Let an American company who keeps it's jobs here supply us.

 

Repubs have nothing, nada, zilch.