Thread: TCS gets $19M tax incentives to hire H-1Bs in Cincinnati

TCS facility coming up in Cincinnati
By Adith Charlie
The Hindu Business Line
Tuesday, Mar 04, 2008

http://www.thehindubusinessline.com/200 ... 270100.htm

Mumbai, March 3

The US subsidiary of Tata Consultancy Services (TCS)
has received incentives worth more than $19 million (Rs 76 crore) for
setting up base in Cincinnati in the US.

This facility will serve as the North American headquarters of TCS
and as a development centre with information technology solution
delivery capability, according to the Ohio Department of Development
Web site.

"This $20-million [Rs 100-crore] project is expected to create 1,000
positions within the first three years of the company's operations,"
the Web site said. However, this could not be verified with TCS.

It is learnt that the $19-million tax incentive includes a 90 per
cent, eight-year job creation tax credit, valued at more than $15
million.

The US subsidiary, Tata America International Corporation, has spent
$13 million for purchasing a 1,96,000-square-foot building at
Clermont county in Cincinnati spread out across 222 wooded acres. A
company spokesperson said that the Cincinnati facility would be
inaugurated on March 17.

Ohio state has also awarded TCS a $2.5-million `rapid outreach grant'
to help pay for the building and its renovation, which will cost the
company $7 million.

TCS selected this location for its large pool of highly skilled
workers, its excellent access to the other major states in the US,
and for the proximity of Cincinnati Northern Kentucky International
Airport, the spokesperson added.

Analysts feel that Cincinnati will enable TCS to provide the same
time zone advantage to its American clients. The Clermont County site
is expected to employ software engineers, pre-sales professionals,
and administrative support staff.

With this, TCS joins companies such as Cisco, IBM and more than 2,000
business technology firms that have a significant presence in the
region.

That taxpayer subsidy should only be allowed to go forward if there are CONCRETE GUARANTIES in place to hire Americans. Local taxpayers should not be subsidizing large multinationals to relocate to a particular area.

However, if the past proves to be any kind of barometer, watch for a flood of L-1 visa holders to miraculously relocate after this is up and running.

Anybody know which legislators in Ohio, or DC that might have had a hand in helping approve this nonsense? I'd like to know.

This article is from a online Hindu site so I would guess few Ohio Tax Payers even know their taxes are going to pay for TCS move to Cinncy.

You are right Phred they have NO intentions of hiring Americans and I wish we could track the influx of Indians who will fill these jobs meant to help Americans since they are paying for part of the move to Cinncy.

TCS did the same thing in New York.Promising American jobs which did not happen but brought more people from India instead.

They should be exposed.

We should bombard them with email. People in Ohio need to raise heck.

It will all be L-visa holders in those jobs to get the knowledge so the jobs can be sent to India. They will be rotated in for job training.

That is the scam on the system. L-visas are unlimited in this case.