QUESTION 1
The inducements offered to Southern Recreational Vehicle were an attempt by the community leaders of Ridgecrest Mississippi to have the company move its operations from St. Louis to their city. The inducements were as follows:
1. The company would benefit from an exemption from taxes for both the county and the municipality for five years.
2. The company will incur no charges for sewage services and water utilities.
3. Free construction provided by Ridgecrest of a second loading dock for the company at their site of operations.
4. Ridgecrest will make an investment in future expansion by issuing $500,000 in industrial bonds.
5. Ridgecrest will invest in Southern Recreational Vehicle’s employees by offering publically financed training
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Employees may have reluctance to move from a big city to a small, rural town and the prospect of breaking ties with friends and family. There is also the loss of convenience and culture found in a big city such as restaurants, museums, music venues, etc. Because of this potential loss of talent, the company must rely on local employees to fill roles that they may not have training, education, or experience to perform. While the town will invest in industrial training, the company may find itself without management and executive level employees. These voids can lead to a loss of direction and a slowdown in production, as the company must train employees at all levels. Once trained the company will still have lost productivity as new employees continue to grow in their positions. There may also be a shortage of employees of any type in the area. Depending on many employees follow the company there vacancies could remain for an indeterminable amount of time resulting in decreased productivity …show more content…
Whether his actions were justified is, of course, a subjective analysis since each side would see their best interests compromised. The company may not have explored all avenues of revenue recovery to remain profitable with the current state of their labor contracts and the unions could have made concessions on salary and benefits. Ultimately, the company must make decisions, which lead to its continued profitability and existence as a competitive entry within the market. In this, it appears that no compromise was possible and the company sought a better option for its continued manufacturing. Added to this incentive for lower costs were benefits and enticements by different regions of the country. Tax and utility discounts, investment in infrastructure, and a long-term partnership for growth added to the labor and operational costs led to the ultimate decision to move production to Ridgecrest. I believe that this decision negatively affected many of its workers in St. Louis; however, the overwhelming incentive to move its operations made this a smart business decision and the company was justified in its
This paper focuses on an in depth community assessment of the past, present, and future of Shelby, Mississippi. Shelby was once a banner cotton center of Bolivar County. Shelby residents were once referred to as some of the most hospitable and happy people in the state. Shelby, Mississippi was also considered as one of the wealthiest towns per capita of the entire Mississippi Delta. Throughout the years, Shelby has changed from being a place of prosperity to a place needing revitalization. Many businesses have opened and closed in Shelby. Community development in Shelby would allow the town to compete with other small towns in the Mississippi Delta.
Facts in the Case Vincent Colmo and his cousin Daniel Delconte partners to form River Triangle Associates. RTA was a profitable real estate investment firm that specialized in buying strip malls and apartment buildings below replacement costs, then remodeling them, using marketing to reposition them, and selling for strong returns. The company showed relatively strong performance, about 14% to investors, so well above bank and money market averages. Rents on the newly remodeled buildings were highly competitive, averaging about 30% below new construction.
The Richland Area Office would like to refer Mr. Casey Campbell to Mr. Birt Dowling for a psychological evaluation. Would it be possible to arrange for a morning appointment with Mr. Dowling? Mr. Campbell is available to meet with Mr. Dowling on any Monday morning in July after the week of July 3,
He knew the problems it would bring to his family and others in the area. The companies were practicing vertical integration well at least that was their goals. They wanted to know everything from the ground up to not depend on other for products. New Fashion Pork wanted lausen land in order to grow food for the hogs at the confinements. In 2012 the Fashion Pork was getting ready to construct a hog confinement near lausens farm, which im sure will only bring problems to the health of people. I wonder why the government didn’t put harder restriction to operate such big companies. I mean im sure the government is interested in the tax money they’re going to pay every year but it isn’t fair to the consumer or the workers. Im not surprised why companies like Hormel/ Fashion Pork expanded across the states so rapidly over
* Employees might decrease rate of production as demand decreases to create an impression of need and to preserve jobs
Part III: Discuss the tax consequences of contributing cash, property, and/or services to the new entity.
4. Location of the new plant: 0 points. Here we would have to strongly consider if we could relocate the plant given that we could hire new workforce under completely new agreements. The biggest disadvantage that we have currently is that the workers are being overpaid, and reducing their salary would affect their
The McAllen Industrial Foundation conducted a meeting on Tuesday, November 8, 2016 at 12:00 noon at the McAllen EDC large conference room. The meeting was called to order by Chairman, Ernie Williams. Mr. Williams asked the Board to review minutes and the financials provided in the meeting packets. A motion to approve the minutes was made, second and carried.
Worthington, Massachusetts is a veritable display of stunning natural scenes and country living, situated in the Springfield, Massachusetts Metropolitan Statistical Area, allowing access to a larger city. The population of Worthington is a small 1,156 people, as of the 2010 census, but the town is an expansive 32 square miles, allowing for properties with phenomenal acreage. As available, you may be able to purchase 20+ acres for your own personal country sanctuary. The homes in the area reflect its lengthy historical character, although many have been refurbished or completely updated to ensure comfort. You can explore unique architectural styles, such as early 1800’s colonials, Georgian-Federal mansions, antique Capes, and saltbox Colonials,
Desoto, Texas is one of the oldest cities in Northern Texas and is home to Pecan Crossing Apartments. Its location is one of its best attributes as there are many things, including restaurants, shopping, and entertainment within walking distance. Just twenty minutes from downtown Dallas and just over a half hour from downtown Fort Worth, the complex is central to everything residents want to enjoy when living in the city.
With all this outside interest in developing musical tourism beyond Graceland, Sun Studios, and few small downtown museums, none considered revitalizing the abandoned lot that once house the Stax record label and studio in South Memphis. Outside of an interpretive marker placed there, the location remained forgotten and ignored, even by potential developers or the Church of God in Christ, the organization that razed the building to make way for a community center. A turn in Memphis’ commitment to preserve historic sites occurred in 1997 under the leadership of Willie W. Herenton, the first African American elected Mayor of Memphis. Miriam Decosta-Willis in Notable Black Memphians noted, “As Mayor, he focused on economic, educational, and cultural development of the city through the infusion of private investments.” On July 13, 1997, the Commercial Appeal ran an article entitled “Preserving What’s Left Struggle Continues to Save Defining Places in City’s Past” that chronicled this new era of historic and cultural preservation. Journalist Michael Lollar interviewed Ward Archer Jr, who led the failed attempt to save Stax in 1989, and archeologist Guy Weaver about the changing climate in Memphis’s commitment to historic
* Restructuring - changes to the company's structure and the way they operate will have an effect on its workforce. Talent of its lack of will give a ground for recruitment drive from outside or within the company.
Memphis, Tennessee is listed in the top five most violent cities in America. Memphis’ homicide rate is close to two hundred and we have one more month to go before the end of 2016.
Therefore, one or two years may pass before the workforce could function to a degree of confidence to execute the work. Maintaining the workforce is expensive and at times seen as unnecessary. This functional requirement is critical for market entry of new product lines.
All over the globe retaining employees is a most critical factor for the organisations. High employee turnover is more common in private sector as compared to public. In construction industry, to reduce employee turnover and to improve the productivity of an organisation, organisations have to be aware of the reasons why an employees quit the organisation?. Employee turnover can be explained as the expenses, in term of money, time, and quality of work, that an organisation bear while replacing an employee. If an organisation fails to satisfy the needs of its employees then it is obvious that the employees will look forward to fulfill their necessities. This chapter discuss the reasons why employees quit their jobs.