Comment 38716

By LRT for mayor (anonymous) | Posted March 12, 2010 at 12:05:58

"State and local governments promised up to $35 million in tax breaks and grants. A county development entity is also prepared to lend Siemens up to $120 million in low-interest loans, with funding coming from bonds created by last year’s federal stimulus package.

Siemens said the move to Charlotte was in part driven by a need to be closer to customers. Siemens-built power plants supply one-third of North America’s electricity, the company said."

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