Wednesday, July 20, 2011

Hondajet Math

400 Jobs x $50,000 per year per job = $20,000,000 new income for the Piedmont Triad Annually

$520,000 x 2 (Greensboro and Guilford County) = $1,040,000 local incentives

$1,040,000 / 400 = $2,600 per new job

5% of $20,000,000 into local taxation every year for 10 years = $10,000,000

Cost of the new jobs over 10 years = $260 each

$10,000,000 / 400 jobs = at least $25,000 for each new job
injected into the local economy over 10 years

$260 / $25,000 = a 99% potential return in 10 years

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