The following message was sent to Ken DeCoster of WNTA radio and Chuck Sweeny of the Rockford Register Star newspaper.
When we discussed this last Thursday on WNTA, I was cut off before I could respond:
Remember when Pacific Scientific of Rockford developed the gyroscope that would be used in the Segway scooter?
Production was moved out of the U.S.A. where it would be cheaper. Pacific Scientific of Rockford then downsized by at least 20 percent. What guarantee do we havein writingthat products conceived at EIGERLAB will be manufactured in Rockford, or even in the USA?
If EIGERLAB is such a good idea, why not let private investors spend their money, instead of socking the taxpayers for $7 million? Its pork that was weaseled out of Congress so U.S. Rep. Manzullo (R-Egan) could do some election year grandstanding, hoping that voters will think its a wise way to spend $7 million tax dollars, and it will help him get re-elected. How long will it take us to recoup that $7 million?
Suppose some American companies and jobs are actually created, and they pay $100,000 in taxes per year. It would take 70 years to recoup the $7 million! This issue will not go away, and when you get us the answers to these questions, please revisit it on WNTA, or at least let the listeners know that nobody will give you the answers. Somebody needs to be held accountable. By the way, was the bid for the Ingersoll facility by the Italian company coincidentally $7 million more than the one offered by Bourn and Koch? And is the Italian company paying any kind of taxes?
E.J. Pagel is a local activist.