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Resource ID: #25266
Subject: Business
Source: Commercial Appeal (Memphis, Tenn.)
Affiliation: 
Date: September 18, 2011

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Description

When Swedish company Electrolux announced plans to build a kitchen appliance factory in Memphis, many in the region hailed it as an economic development triumph. But it didn't come cheap. Government officials approved a massive package of money and perks for a company that has a history of leaving communities to cut costs and has made no guarantee to stay in Memphis for the long term. Officials performed minimal due diligence and signed away rights to recover most of the money if the company falls short of job-creation goals.

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