Study debunks Titan Cement's economic impact claims

And they weren't that impressive to begin with:

More than likely, based on averages, there will be fewer people hired than originally expected, and the average salary will be lower," Craig Galbraith, a professor at the University of North Carolina Wilmington Cameron School of Business, said during a presentation of the study Tuesday night at WHQR in Wilmington. "It's my general feeling that the impact is probably lower ... and possibly even negative."

I'd say more than possibly. Thousands of people are employed in recreational/hospitality jobs associated with tourism, and thousands more in the seafood industry, both of which will be negatively impacted by air pollution and doubling-down on methyl mercury exposure to fish. It's a bad idea all around, and it's not too late to stop it.

Comments

Well by all means ...

why not give them economic incentives and roll out the red carpet?

If Titan can pollute the Cape Fear River and destroy the region's seafood industry, all the while creating a few crappy jobs and depressing economic growth ... well hell ... that's the classic GOP definition of success, is it not?

A few shareholders will get rich and hundreds of thousands of regular people will get screwed. Sounds like a plan Pat McCrory would be proud to support.

____________________________________

“Don't tell me what you value, show me your budget, and I'll tell you what you value.”
― Joe Biden

Why take the risk?

Wilmington is one of the rare beauties along the East Coast of North Carolina. Why take the risk with Titan?

Why take the risk?

Some small group of wealthy investors will get even richer, a few locals will get shitty, dangerous jobs, and the local environment will be laced with even more mercury than is already present, thereby contaminating the entire seafood industry.

That's what will happen with Titan, and no honest person is really disputing that reality.

So the short answer to your question? Some rich guys will get even richer. That's generally the "reward" associated with public risk.

____________________________________

“Don't tell me what you value, show me your budget, and I'll tell you what you value.”
― Joe Biden