“There are other options for providing economic betterment to the people of our region, ones that are not complicit in death and destruction.”
“Couldn’t we wait for something like a company making turbines for windmills and tidal power or offer incentives to aid sustainable businesses instead?”
No Buncombe County commissioners addressed why the subsidy was necessary for the company to make its investment during their Nov. 17 meeting. P&W is a division of Raytheon Technologies, a Fortune 50 company with approximately $10 billion in cash reserves.
Under a proposed economic development incentive agreement, Buncombe County taxpayers would subsidize the division of military contractor Raytheon Technologies, which made over $77 billion last fiscal year, to the tune of $27 million.