Power Breakfast: Kia addding 1,000 jobs, mortgage interest deduction, DOT, Coke, Delta, TSA, Bernanke

It’s nice to hear about some good news on the jobs front.

Kia Motors will hire another 1,000 workers in West Point — a sign that the state’s battered manufacturing industry is poised for a rebound, AJC reporter Dan Chapman writes.

Kia, which began producing the Georgia-made Sorento crossover a year ago, currently employs 2,000 people. More than 100,000 Sorentos have been sold, underscoring the vehicle’s popularity, Chapman reports.

“By opening our third wave of hiring, we are building on that foundation and increasing our commitment to the U.S. and the local economy,” Byung Mo Ahn, CEO of Kia Motors America, said in a statement.

Kia is remaking Troup County, home to West Point, LaGrange, Kia and a passel of auto suppliers, Chapman writes. Its investment, though, didn’t come cheaply. Local, state and federal taxpayers put up $469 million in land, buildings and tax breaks to lure Kia to west Georgia.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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23 comments Add your comment

TnGelding

November 19th, 2010
6:00 am

Good for Kia. I tried to buy a Sorento due to its Georgia connection, but the dealership was charging a fee due to high demand and I ended up with a Honda made in Ohio.

http://www.kia.com/#/sorento/explore

I’ve got mixed feelings about the incentives to lure businesses.

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Skip

November 19th, 2010
7:54 am

Anyone monitor this place?

Mishap

November 19th, 2010
8:24 am

So we put up ~$500M to land ~1,200 jobs at the time? If I’m not mistaken that’s $417,000/job and given these are manufacturing jobs that don’t generally break $20/hr (40k), we basically bought those jobs for a decade w/ tax revenues. And conservatives are pissed about deficit spending on unemployment and healthcare? How are they not pissed about corporate/farm welfare? We spent 10X the annual salary of the job to actually “win” the job. Even with all these employees contributing taxes to the state (even the 3k #), it’d take well over a decade to actually recoup this cost.

Georgia Tech gets $289M/yr in funding from the state and I guarantee it brings more than 1,200 jobs and most of those pay a bit better than labor intensive jobs Sonny’s been buying for multiples of their actual contribution to the state.

I’m all for job creation but buying jobs w/ tax breaks (these are more akin to bribery) aren’t a great long term solution. Somebody needs to tell Sonny he should have spent less time building his future cash cows and actually finding some growth generators. At the rate he’s going, he’ll be indicted before Deal ’s bankruptcy clears the courts and clearly long before we ever see a positive economic outcome from the Kia welfare state we’ve created down there.

Palin fan

November 19th, 2010
8:53 am

Don’t buy foreign cars! BUY AMERICAN!!!!

Poor Textile Worker

November 19th, 2010
10:01 am

Mishap – you are misinformed or possibly just an idiot. The majority of the $469m of incentives that brought Kia to GA were in the form of tax abatements. Here is how it works – you take 600 acres of farm land that generates maybe $10,000 a year in property taxes and you convert it to industrial use. The improvements increase the annual tax revenue to $6m. As an incentive to the company you abate the taxes for 20 years which saves the company $120m. But here is the thing most people don’t get – if the company never invested in the community and the rural farm land was never improved the tax revenue would never increase. It is money the government would never have seen anyway. The same principle applies to employment tax credits. For some reason people like yourself never take into account that Kia invested over $1B in the project. And by the way, your precious GA Tech estimated the overall economic impact of Kia to be $6.5 Billion. (2008 GA Tech Enterprise Innovation Institute Study) This was by far the best investment Georgia could have made to improve the lives of its citizens. The federal government should learn from this example. This is how jobs are created in partnership with private industry. You don’t create jobs with bigger government and entitlement programs. If you owned a car, instead of depending on public transportation, you could drive down and see for yourself, that because of Kia, West Point is an economic oasis while the rest of the country struggles through the Obama economic desert.

TnGelding

November 19th, 2010
11:59 am

Duh, the Sorento is as American as apple pie. So is the Honda Accord.

Poor Textile Worker

November 19th, 2010
10:01 am

Nice entry until you brought Obama into it. His actions were preordained by the previous 8 years and decades of Congressional mischief.

Poor Textile Worker

November 19th, 2010
1:01 pm

you are right – it is not about Obama – it is about the proper role of government in assisting economic growth. The West Point Kia project is an example of how government can help the FREE MARKET create economic prosperity. Unfortunately Obama believes his system of wealth redistribution is a better way. One thing for certain it is a better way for him to buy votes from an ever more dependent middle class. If you don’t believe the KIA project was worth the tax incentives come take a look at the 100s of millions dollars being invested and the 1000s of jobs that are being created that are ancillary to KIA. And by the way sooner or later Obama has to take responsibility – 2 years later and he is still blaming Bush

More Tax

November 20th, 2010
7:00 am

Another giveaway to some big corporation for a few jobs—the taxpayers get hosed as usual while the corp execs get rich laughing their way to the bank!

Leon Fletcher

November 20th, 2010
2:11 pm

I would like to apply for one of the 1,000 job in Georgia. Please see my resume attached. Thank you in advance.

Leon Fletcher

LEON FLETCHER
145 MILL Street
Barnesville, GA 30204
United States
Email: Leon¬¬_fltchr@yahoo.com

OBJECTIVE
To work for a growing company in which I can contribute to the continued success and grow within, by applying my education, experience, loyalty, acknowledge and dedication.

WORK EXPERIENCE

July 1996 – Present
Correctional Officer, Georgia Department of Corrections Barnesville, Georgia
Supervises and monitors incarcerated offenders at various correctional facilities; supervises outdoor work-sites, i.e. public highway maintenance projects, construction projects, warehouse projects, as well as landscapes/grounds. Collaborates with administrative and departmental staff regarding medical treatment of offenders and other related medical issues; serves on the Inmate Disciplinary Committee and also as the Lead/Senior Correctional Officer; supports other supervisors and voluntary assumed tasks, in the absence of Project Supervisors; accountable for segregation/isolation of offenders in holding cells. Performs specialized security emergency response duties and participates in other related tasks as a member of the Correctional Emergency Response Team. Assists in documenting officers’ shifts and post activity, incidents reports and related statistical reports.

September 1982 – June 1996 The William Carter Company
Steel Dye Maker Technician: Supervisor Barnesville, Georgia
Cutting: Bend steel cutting blades into various shapes and sizes and also place them on steel plates, for usage in compression fabric cutting machines.

Expediter, The William Carter Company
Finishing: Expedited colored fabrics throughout for finishing usage.

Dye Sample Process Technician, The William Carter Company
Color Dye Lab: Processed various dye colored fabrics samples, by operating multiple machines to produce specific shades for usage in textile facilities.

March 1992 – March 1993
Loader, Southeastern Freight Lines Atlanta, Georgia
Expedited and loaded shipped freight from in/out bound trucks.

January 2004 – Present
Customer Service/Merchandise Shelf Stocker, Lowe’s Griffin, Georgia
Assists customer and re-stock shelves with building materials and other merchandise.

SKILLS
Team player, know how ability, accountability, problem solver, quick learner, developer of new safety measures, adheres to policies and procedures, honors timeliness, always available and willing to learn new tasks to improve proficiency of job position, as well as overall company progress.

EDUCATION
1979 – 1983
Lamar County High School Barnesville, Georgia

2001 – 2003
Griffin Technical College Griffin, Georgia

OTHER TRAINING ACHIEVEMENTS
Leadership, Management, Problem Solving, First Aid, CPR, Fire Safety, Weapons (Fire Arms), Control Panel Operator

TnGelding

November 20th, 2010
3:07 pm

Obama was forced to take the actions he did. Do you think he wanted to add a trillion dollars to the debt and invest in GM and Chrysler?

TnGelding

November 20th, 2010
9:11 pm

Leon Fletcher

November 20th, 2010
2:11 pm

Would you consider giving up that second job to someone that needs it?

I’m afraid your attributes are outdated in this dog eat dog world.

AKPie

November 20th, 2010
9:28 pm

I agree with Poor Textile Worker. More Tax dosen’t understand basic economics and TNGelding is a balless socialist

TnGelding

November 21st, 2010
4:03 am

I’ve proposed removing all federal taxes off of the back of corporate America and shifting the entire cost of FICA to employees over a seven year period. What’s socialist about that?

If none of the local and state governments gave incentives it wouldn’t be necessary. But in this “competitive” world there’s a cut-throat across every jurisdiction.

TnGelding

November 21st, 2010
12:05 pm

I’ve got balls; baseballs, footballs, basketballs and golf balls. But being without testicles, be it physical or mental, sure simplifies life. False bravado has gotten us into squabbles that would have best been avoided.

Buy Japanese

November 21st, 2010
4:58 pm

I only buy honda or toyota cars–the u.s. stuff is junk, the korean cars are average quality and the german cars are too expensive.

TnGelding

November 21st, 2010
9:01 pm

Honda and Toyota have plants in the good ole USA. The US stuff was inferior, but is now equal or better.

TnGelding

November 23rd, 2010
5:13 am

Is all bravado false?