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Does good corporate stewardship exist

February 12, 2019

I have noticed a local manufacturer who a number of years ago convinced the local city council that it needed property tax relief and help raising money for expansion. The benefits as they were given are as follows more people would move to my town stimulating the need for new housing and more business for the local businesses.

 

As far as I am able to determine neither has been the case. Number one the pay scale working on the line at this manufacturer is not high enough for the workers to be able to afford new housing and existing housing is cost prohibitive. In the second case I have noticed that very few people seem to leave the facility at lunch time where as in the past employees were regulars at the local convenience stores and restaurants. It seems there has been a net loss to the local eating establishments. The local sprint shop says there has not been an increase his services. In a recent conversation with him a familiar story line emerged. The manufacturer only sends him work when there is an emergency expecting him to jump thorough all kinds of hoops for their small crumbs.

 

In a recent local newspaper article it was stated that the housing shortage was really a shortage of housing for management as the town had not seen a demand for average wage housing. HHHMMM wondering just why that is.

 

In reality the only item that I can see which has increased is the property taxes of local families and local businesses. Local people who own a local business have had a substantial increase in property taxes placed upon them to the tune of thousands of dollars.

 

Is there a moral to the story. I will leave that to others to decide. Lets just say I feel corporate stewardship where it really counts is slipping  by the wayside in the name of profit maximization.

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