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North Carolina Taxpayers Underwrite $5 Million for Time Warner Cable’s Charlotte, N.C. Headquarters and Data Center

Phillip Dampier July 13, 2011 Community Networks, Editorial & Site News, Public Policy & Gov't No Comments

Time Warner Cable just fought a battle in the state of North Carolina to keep public tax dollars from being spent on community-owned broadband networks, but the company has no objection to accepting corporate welfare for itself.

Charlotte’s News & Observer this week reports the nation’s second largest cable company will win $3 million in state incentives if it meets hiring and investment goals. The city of Charlotte is also providing $2 million of its own incentives.  That’s $5 million dollars from the pockets of North Carolina taxpayers.

Corporate welfare

For that, Time Warner Cable is promising to add 225 jobs and build a data center to deal with anticipated broadband growth in the area.  That’s $22,222 per job.

N&O notes this is the third handout the cable company has gotten from the state government since 2004 — all in return for committed expansion in Charlotte.  The newest grant requires Time Warner to retain at least 1,113 jobs in the Charlotte area.  The state government is apparently willing to help pay for the cable company to not lay off its workers, but is all for smothering much-needed competition from community providers, which it stepped on in a big way earlier this year.

Ironically, the corporate-backed groups that loudly oppose taxpayer funding for broadband and critics of community networks are mysteriously silent over $5 million in public funds being directly transferred to a multi-billion dollar cable corporation.

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Stop the Cap!