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.biz
This is your window into the world of Triangle business. It's the source for news on local companies and people who keep capitalism moving. It's your exclusive tip sheet on deals, squabbles and the whimsy that makes this region's industries interesting.
The blog is maintained by the reporters and editors of the N&O business staff, including Alan M. Wolf, Sue Stock, David Ranii, John Murawski and Mary Cornatzer.
Dell to get discount by repaying incentives early
Dell will save about $66,000 by repaying early the $26.5 million it received in incentives from Winston-Salem and Forsyth County.
The Winston-Salem Journal reported that because Dell will pay back the money this week, local officials will give the company the discount.
Dell announced last month that it will shutter its Winston-Salem PC manufacturing plant in January, and lay off about 900 workers. The plant opened in 2004 after state and local officials promised a record incentives package.
The company could have waited to pay the money back next year.
"They want to get the thing cleared up and paid off," Winston-Salem Mayor Allen Joines told the newspaper. He added that the city won't lose anything by offering a discount because it can re-invest the money sooner.
Dell has already repaid $1.5 million it received from the state for meeting hiring goals in 2006 and 2007.
Read the full Winston-Salem Journal report here.
Alan M. Wolf
Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or e-mail him.
