Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...past actions, but I wish that the government had taken the next step, even if that meant losing a little face. If the two nations are serious about building a "friendly and cooperative partnership for peace and prosperity," they have to agree to more than a $3.2 billion loan to China and cooperation on certain environmental issues...
...Merriam, Kans., and controlled out of Chestnut Hill, Mass. Seaboard officials announced that they would restart the shuttered pork-processing plant that had once been the town's largest employer--if the city offered a little help. Albert Lea responded by giving Seaboard a $2.9 million low-interest loan and a special deal on its sewer bill and grading and paving parking lots for employees. And before long, the plant reopened, and several hundred workers were back...
Among the subsidies: Texas County borrowed $8 million to plow into the company up front. To pay off the loan, the county enacted a 1% sales tax. The state granted a $4 million, 10-year income tax credit with the understanding that it was "unlikely" the company would pay any income tax during those 10 years. The state spent $600,000 to train Seaboard's workers. The company received grants and low-interest loans to finance a waste-pretreatment plant. (Remember the one in Albert Lea?) The company was excused from paying $2.9 million in real estate taxes...
SOLUTION NO. 4 Shut off the flow of low-cost loans from the Department of Housing and Urban Development that have helped fuel the competition to snag companies. These loans date from the Housing and Community Development Act of 1974 and were aimed at "eliminating slums and blight." Today, TIME has found, HUD loans help bankroll such projects as a waterfront restaurant in Jacksonville, Fla. (it later went out of business), a downtown hotel in Philadelphia and an upscale fashion retailer in Spokane, Wash. In that case, a $24 million HUD loan arranged by the city of Spokane will...
...schools are falling apart, urban centers are deteriorating, and children go hungry while the government haphazardly showers money and tax breaks on incredibly wealthy corporations. I am outraged that I have to mortgage my firstborn to get a loan or credit, buy a home or a car or fund an education for my children, while all corporations have to do is just start a rumor that they want to "relocate" and the government falls all over itself to help out. CHRISTINE HUBLER Bear...