Cincinnati wants to keep Graeter's employees - and gain more - so much that it might loan the company up to $10 million to build a manufacturing facility in Bond Hill.
If City Council approves the terms suggested by City Manager Milton Dohoney, the city would sell the 4.4-acre property at Paddock Road and 66th Street for $1. The company plans to build a 28,000-square-foot plant there to help it take its ice cream nationwide.
Graeter's officials say the new plant would help them retain 68 workers and hire 30 more within five years. The city asks that the company, founded in 1870, try to hire city residents for at least 75 percent of those new jobs.
Mayor Mark Mallory pointed out that the deal, if approved, would make money for the city. Graeter's would pay 2 percent interest the first two years, then 4 percent the remaining 18 years of the 20-year loan.
Now think about this. Let's say ole Gordon here wanted to open up an ice cream factory. Do you think Cincinnati is going to help me out with 10 million to get it done?
Yet, as a resident, I 'm supposed to fork out city income tax to help an already existing business who makes thousands of times more dollars than I do.
What's so "progressive" about corporate welfare?