Illinois is paying over $206,000 per job for 2,600 jobs. The primary beneficiary is a Chinese company known for stealing technology. 
Chinese Companies and Your Tax Dollars
Illinois Gov. J.B. Pritzker doles out $536 Million in tax credits and other incentives to lure Gotion, a battery firm that no other states wanted.
The Wall Street Journal comments on Chinese Companies and Your Tax Dollars
It isn’t easy luring corporations to Illinois these days, so Gov. J.B. Pritzker celebrated when the state landed a big electric-vehicle battery plant in September. The real winner, however, is Gotion, the Chinese company that is collecting taxpayer financing to subsidize its EV manufacturing.
Mr. Pritzker boasted that the new $2 billion factory would bring 2,600 green jobs to the Land of Lincoln and represents “the most significant new manufacturing investment in Illinois in decades.” The company’s decision was helped by a $536 million Illinois subsidy package, including $213 million in tax benefits, a 30-year property tax freeze and $125 million from the state-lending program Invest in Illinois.
In a Sept. 13 letter to Treasury Secretary Janet Yellen, Reps. Mike Gallagher (R., Wis.) and John Moolenaar (R., Mich.) noted that Gotion “has direct ties to the CCP [Chinese Community Party] and state-owned financial institutions” and has been part of a Chinese program the FBI has flagged for “theft of trade secrets and economic espionage.”
That seems worth examining, but who will do it, if not Mr. Pritzker? The Committee on Foreign Investment in the United States (CFIUS) has said Gotion’s projects don’t fall under its jurisdiction.
In January 2023, Virginia Gov. Glenn Youngkin turned away a Ford factory that was partnering with Chinese battery maker CATL, on the grounds that the company was a “Trojan horse” for Beijing. It set up in Michigan instead, but on Sept. 25, Ford said it paused the project until it was “confident about our ability to competitively operate the plant.”
Open for Business
Mr. Pritzker called Gotion’s arrival “the most recent proof that we are in a new paradigm. Illinois is on the rise, and we’re open for business.”
Open to leave is more like it. Numerous corporations are voting with their feet due to Illinois’ high-crime and high-tax reality.
TTX Joins Major Chicago Leaving Chicago
The Illinois Policy Institute reports TTX Joins Major Chicago Leaving Chicago
Freight railroad car company TTX is moving its headquarters from Chicago’s West Loop to North Carolina.
Last year major corporations such as Caterpillar, Citadel, Boeing and Tyson Foods announced relocations out of the Chicago area. Guggenheim Partners more quietly made moves to leave the city and join fellow investment firm Citadel in Miami.
Hoot of the Day
Illinois is paying over $206,000 per job created to a company the FBI has flagged for “theft of trade secrets and economic espionage.” And Governor Pritzker is bragging about it.
It’s “proof of a new paradigm,” said Pritzker. Indeed.
Chicago’s Problem is Crime, the Mayor’s Solution is City-Run Grocery Stores
In case you missed it, please see Chicago’s Problem is Crime, the Mayor’s Solution is City-Run Grocery Stores
If you are a store owner in Chicago suffering huge losses to theft or if you are an individual tired of the crime and piss poor public schools, I have a suggestion: leave.
But think about where your going. Leaving Chicago isn’t enough. I advise leaving the state.
Reserve your U-Haul well in advance. Recall that It Takes 3 Weeks to Escape Illinois, at least it did for us because all of the one-way U-Haul rentals were headed out.
How nice the commies are softening up their image>> ” CCP [Chinese Community Party]” !!
all the dumbfucks who insisted on shopping at chinese company called walmart, instead of the old mom and pop neighbors and pals in downtown of every little town are to blame. greedy assholes wanted to buy 10 XLL tshirts instead of 5. they cut their own throats. the middlebrows to the C suites in amerika are all the same. greedy little cunts.
I am from Spain and I see very carefully and close what corruption is. And this is huge corruption.
So first, those jobs go to china to produce cheaper. Then, you say you are creating jobs by basically paying a premium to the country where you first put those jobs to decrease costs, and then, 10 years later, the consequence is that you do not own the assets + you have a huge debt. Amazing. Please, trump 2024, for the planet. Yes, for the sake of our future
The most important question that the people of illinois should be asking is. How much is JB and his family making on this deal? They don’t do anything for the people it’s only what they can do for themselves. Then the residents of illinois have to ask themselves how much longer are they going to put up with the corruption in the state? Until they finally stand up and say that they have had enough and vote these corrupt politicians out and hold them accountable for their actions this will never change. JB and his family are neck deep in dirty deals just like most every one of the state politicians it’s ridiculous. Elections in this state are so corrupted and have been for a very long time. But the residents just turn a blind eye and think nothing is going to change. I as a resident grew up in this state and have watched it slowly go in the toilet Election cycle after Election cycle. The complacency grow more and more. Until the people finally stand up and say we have had enough of this it will continue to get worse to a point where we will no longer have a voice. We MUST stand up for our cities, states, and our country. Many have died to afford us the life we all so desperately dream of. When will you stand up and show that they haven’t died in vane. We as a people have the power to regain control of our cities, states, and our country. All we have to do is stop thinking that it doesn’t make a difference, and collectively come together to take back our way of life before it’s to late.
Same law for all principle is gone. We are back to feudal ages, the private law is better or worst depending of your friendship with the ruler.
Wonder how it will end up comparing to the “deal” that their neighbors to the north handed out a while back-
https://www.jsonline.com/story/money/business/2023/03/23/what-we-know-about-foxconn-in-wisconsin-and-how-we-got-there/70037738007/
The trend of states (and other localities) offering “incentives” for businesses to set up shop in their areas seems to have taken off in the late 1980s.
It never ends well. It never works out for the localities shelling out the $$$$. It’s always a huge stinking pile of corruption and loss for taxpayers. The Micron fab plant in Utah is a memorable example.
The most infamous example, let us not forget, was Pfizer bilking the tiny city of New London Connecticut out of millions of dollars. As soon as the tax incentives expired, Pfizer packed up and left a smoldering wreck and gave us the gift of “Keto vs. City of New London”.
Correction “ Kelo” not Keto but yeah
Kelo vs New London from wikipedia
Dissenting opinions
The principal dissent was issued on June 25, 2005 by Justice O’Connor, joined by Chief Justice Rehnquist and Justices Scalia and Thomas. The dissenting opinion suggested that the use of this taking power in a reverse Robin Hood fashion—take from the poor, give to the rich—would become the norm, not the exception:
Any property may now be taken for the benefit of another private party, but the fallout from this decision will not be random. The beneficiaries are likely to be those citizens with disproportionate influence and power in the political process, including large corporations and development firms.[11]
O’Connor argued that the decision eliminates “any distinction between private and public use of property—and thereby effectively delete[s] the words ‘for public use’ from the Takings Clause of the Fifth Amendment.”[12]
Thomas also issued a separate originalist dissent, in which he argued that the precedents the court’s decision relied upon were flawed. He accuses the majority of replacing the Fifth Amendment’s “Public Use” clause with a very different “public purpose” test:
This deferential shift in phraseology enables the Court to hold, against all common sense, that a costly urban-renewal project whose stated purpose is a vague promise of new jobs and increased tax revenue, but which is also suspiciously agreeable to the Pfizer Corporation, is for a ‘public use.'[13]
Thomas additionally observed:
Something has gone seriously awry with this Court’s interpretation of the Constitution. Though citizens are safe from the government in their homes, the homes themselves are not.[14]
Thomas also made use of the argument presented in the NAACP/AARP/SCLC/SJLS amicus brief on behalf of three low-income residents’ groups fighting redevelopment in New Jersey, noting:
Allowing the government to take property solely for public purposes is bad enough, but extending the concept of public purpose to encompass any economically beneficial goal guarantees that these losses will fall disproportionately on poor communities. Those communities are not only systematically less likely to put their lands to the highest and best social use, but are also the least politically powerful.[15]
i know the man who argued that case at SCOTUS for KELO. he lost the battle but won the war……….
Going for cheaper overseas production is really biting us in the ass it seems, but if China keeps buying our debt, it’s all good, right?
China is dumping our debt. One reason treasury rates are soaring fast.
False.
https://mishtalk.com/economics/bond-bulls-are-getting-crushed-in-a-relentless-selloff-its-not-china/
Biden should be celebrating. After all, the US stealing jobs from China.
Ten years from now, when the dollar hegemony is over, the USA could become a manufacturing hub, something like China today, plus racial tensions and crime.
who famously said we can shampoo each others dogs…………
If no other state would deal with Gotion, then Pritzker didn’t have to offer such a sweet deal.
Gotion can produce plenty cheaper in China.
And then, Chinese Battery-toycar-makers could buy cheaper batteries from them than US ones. Noone sets up a manufacturing operation in Illinois without being paid to do so.
Pritzker’s social circle consists almost exclusively of dilettantes of the Musk-is-great-Battery-toycar-investment-is-man-i’m-so-visionary crowd. In his little playworld eccochamber of lightweight Fed Welfare Queens, a, like, real like, battery-oooh-ahh maker is a “big deal”. For like, the, like, future and, like, stuff and, like, investment and, like, yeah!!
They are just selling out our country one small step at a time. I seem to recall something about small cuts over time, and we won’t know until it’s too late.
Hmmm…
Vote for stupidity, get stupidity.
Sounds exactly like something JB would do. Find a company almost as corrupt as he is himself and bringing their business here. Maybe he can give all those illegal aliens he lets in some jobs.
But why? Obviously someone is under the take? SO MUCH CORRUPTION
“But why?”
Because unusually stupid members of the indoctrinati have “learned” that there exists this mystical group of people called “the job creators.” And that those people are impoutant!! Pritzker reckons he can benefit from being one of them. He’s not the only one. Lots of connected dilettantes are sold as “job creators.” That way, the indoctrinati can be relied on to fall for the nonsense that they are not just wards of some Fed wealth transfer program. That seemingly makes dilettantes feel better about themselves. Just another side effect of runaway financialisation, as well as of life in the #DumbAge.