Lately we have been showered with all these "rags to riches" stories. To give a glimmer of hope to the average citizen during these rough economic times. But this doesn't equate to the average Joe with a good idea. I know a few plant managers personally. They don't earn enough to buy their companies.I noticed they failed to mention how she secured the $9M needed to purchase the plant to begin with. Something here sounds fishy. "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." Which one is this?
http://www.commercialappeal.com/news/2011/oct/09/against-the-odds/
At the time of Ms. Hardy's investment into the bottling plant, she sat on the Industrial Development Board and doled out millions of dollars in tax breaks to companies that routinely broke promises to the taxpayers. I have no idea whether her company benefited from the PILOT program or not, but she's had no problem rubber-stamping benefits for other companies.
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