Tuesday, November 29, 2011

The Banana, Splits

Chiquita International is leaving Cincy for Charlotte, complaining it's just too far to fly to its Central and South American bases of operaations from Ohio.

Multiple media outlets in Charlotte are reporting that Chiquita Brands International is moving its corporate headquarters and more than 300 corporate jobs to that city.

Chiquita officials did not immediately respond to requests for comment.

Meg Olberding, spokeswoman for City Manager Milton Dohoney, said she did not know if Chiquita had made a decision to leave.

"I don't have any information confirming that right now," she said.

The city had presented the company with its proposed incentives some time ago, she said, and has been waiting for a response.

P.G. Sittenfeld, who will be sworn in Thursday to Cincinnati City Council, said he got a text from a friend this morning saying it appeared his unusual effort to keep the company hadn't worked.

During his campaign, Sittenfeld passed out Chiquita bananas on Fountain Square. On the bananas were stickers that said, "Chiquita, don't give Cincinnati the slip!"

And that's exactly what Chiquita did.  The reason?

Charlotte has reportedly offered Chiquita a $4 million city, county and state incentive package to move. Miami was also trying to attract the company.

 $13,333 a job or so.  All's fair in love and war.  Considering the company's stock has lost nearly 45% this year, I'm not surprised they bolted.  It also means Chiquita's human rights issues are North Carolina's problem and not Ohio's now, so I'm not too terribly broken up to see them go.

Still, this kind of thing happen too often.  It's why red states like Florida are trying to eliminate corporate taxes to take as many jobs from other states as possible, rather than creating new ones.  We're cannibalizing ourselves in an interstate race to the bottom rather than working together to create jobs at a national level and the corporations are reaping the largesse.

You'd think somebody would notice.

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