Saturday, July 31, 2010

Northrop Grumman plays Bob McDonnell for a sucker

Thanks to Northrop Grumman, Bob McDonnell is looking like something of a chump:
Back in April, we had Bob McDonnell touting Northrop Grumman's decision to move its corporate HQ to northern Virginia. At a cost of just $12-$14 million to taxpayers, we supposedly got 300 new jobs coming our way. Good stuff, right?

Yes, but. The next thing we found out is that Northrop Grumman might also be laying off 330 people at Fort Eustis. As a Richmond BizSense article asked at the time, "Did we gain 300 jobs only to lose 330? Is this Northrop's way of saying "thank you very much for the $14 million in tax breaks" that were, no doubt, a factor in their decision?"
Head over to Blue Virginia for the complete story.

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