LA Weekly thinks its awesome that UPS is headed to Compton. The mayor and her public relations team have sent over comments to LA Weekly regarding the announcement that UPS is coming to the Brickyard South Bay parcel. Tax breaks played a HUGE role in the Forbes 500 company, ranked 47th on the annual list, agreeing to be a tenant. LA Weekly journalist Dennis Romero, called the move a “corporate bonanza” but conveniently excluded the fact that UPS is only coming since the city agreed to give them back 30% of their sales tax receipts. The city just passed a new sales tax measure that increased the current sales tax by 1%.
Related: Welcome to the Brickyard South Bay
“UPS coming to Compton provides tangible benefits to residents,” said Mayor Aja Brown. “Along with jobs and the tax revenues, UPS is going to continue its tradition of being a responsible and giving corporate partner. Their investment shows that they believe in Compton.”
Compton held a public hearing on the tax subsidy, which outraged residents, especially with an increased sales tax measure narrowly passing months prior. In typical Compton city council fashion, the council approved the subsidy unanimously without regards to what the residents want.
The company pledged a $70 million dollar “investment” but according to the LA Weekly article, the investment will be made via equipment purchases. City vendor HDL would be responsible for tracking down those purchases.
How will “equipment” help Compton’s financial bottom line? The other question is when did Compton become part of the “South Bay”?
Read the full LA Weekly article by clicking here.