This is from the morning call 5/31.2011
The Lehigh Valley has snagged another company from Jersey.
United Bank Card, which processes credit and debit card payments for merchants, will relocate corporate and warehouse operations from two facilities in Hunterdon County, N. J. to Hanover Township, Lehigh County, bringing 175 jobs to the Valley later this year.
The Irving Street facility, which was formerly used by Kraft Foods, will serve as the company's new headquarters and also will house a call center and warehouse.
United Bank Card processes more than $9 billion in transactions annually at 110,000 locations around the country.
The Lehigh Valley Economic Development Corp. helped the company obtain $778,750 in funding from the state Department of Community and Economic Development: a $350,000 grant, $78,750 for job training assistance and $350,000 in tax credits.
Luke Webber, a spokesman with the state Department of Community and Economic Development, said the $350,000 grant requires the company to create 175 jobs at the new location within three years. Wage information of the jobs to be created is not public, he said.
Pete Reinke, vice president of regional development for the Lehigh Valley Economic Development Corp., said the company inquired about office space about nine months ago because it is growing and needs more space.
The 175 jobs include a mix of corporate office jobs, call center jobs and warehousing, Reinke said. How many people will commute from New Jersey and how many people will be hired is not clear, he said. But it is still beneficial to fill a vacant building and bring jobs to the Valley, he said. United Bank Card did not return phone calls seeking comment.
This is not community development this is Corporate Welfare. It seem that the only way Lehigh County can get jobs is by spending Taxpayers money to buy them. Even at that, their is no guarantee that they will stay. Pennsylvania has the worst corporate Taxes in the Country and until, we change that, we will only be able to get jobs by buying them with Taxpayers money.
It was not revealed how many of these employees live in Pa now. For sake of argument if all these people live in NJ we would be paying $ 4450 per job.
This is cheaper then what we paid for Avantor Performance Materials to move from Phillipsburg. Eighty five percent of their 140 employees already live in PA. and we gave them $ 4 million to move to the Lehigh Valley. This equates to $ 190,000 per job.
Remember this is Taxpayers money.