Lenovo Wants $14 Million From N.C. To Keep Jobs

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Oct 29, 2013 (3 years and 5 months ago)

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Lenovo Wants $14 Million From N.C. To Keep Jobs


(URL: http://www.crn.com/sections/breakingnews/dailyarchives.jhtml?articleId=170100214)

By


2:28 PM EDT Wed. Aug. 24, 2005


Chinese PC maker Lenovo, which bought IBM's desktop and laptop business unit in late 2004, wants $14 million
concessions from North Carolina to keep 1,800 employees in the state, a Durham newspaper reported Wednesd
a
The Herald-Sun said it had obtained documents outlining Lenovo's proposal, which included a $75 million campus to be built i
n
assuming Durham, the surrounding counties, and the state of North Carolina accede to its requests for subsidies, grants, and
to buy Lenovo equipment.
A
mong the items in the memo were $2 million in community college training subsidies for new and existing employees, $8.5
m
grants to offset 11 percent of the facility cost, and tighter links with the state's university system.
On the latter, Lenovo wants to be involved in university computer science programs, as well as subsidies for employees' cour
s
among other subjects, Chinese language.
A
lthough the newspaper said local business leaders have advised the city and county that they believe Lenovo is also consid
e
A
tlanta and Singapore as locations for the R&D center, a company spokesman denied that it would lay off current workers in t
h
and ship their jobs overseas if their requests weren't met.
Lenovo isn't the only PC maker as of late putting pressure on North Carolina. Before Dell
made its decision to create a manuf
a
plant in the state, it received promises of $242 million in tax breaks and grants.
Copyright 2004 CMP Media LLC.



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