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  1. #1
    Walmart bike rider gpsblake's Avatar
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    Walmart bicycle maker to create 175 manufacturing jobs in the USA

    http://www.wltx.com/news/article/262...arendon-County

    Clarendon County, SC (WLTX) - A bicycle company is coming to Clarendon County, bringing with it 175 new jobs.

    A statement from Governor Nikki Haley's office confirmed that Kent International plans to build their manufacturing facility there.
    Which is 175 more manufacturing jobs then what most high end bicycle makers have in the USA.

  2. #2
    Senior Member demoncyclist's Avatar
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    Maybe big box quality bicycle manufacturers, but there are quite a number of high end makers here in the US. I can think of a few within 30 miles of where I am sitting right now, as a matter of fact.
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  3. #3
    coprolite fietsbob's Avatar
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    How many tax payer dollars of incentives were required there?

  4. #4
    Home School Valedictorian 02Giant's Avatar
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    Quote Originally Posted by fietsbob View Post
    How many tax payer dollars of incentives were required there?
    If it is anything like the incentives given in my area, way too many...
    We've got no fear, no doubt, all in balls out

  5. #5
    Senior Member demoncyclist's Avatar
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    I would rather see the govt give incentives to bring manufacturing jobs back and close the loopholes that allow the big corps to pay no income tax at all. That would increase employment and tax revenues at the same time.
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  6. #6
    Senior Member rydabent's Avatar
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    That may be a good move financially. I have heard from some sources that frames built in China and especially Tiwain are starting to become pricey. When the price of the frame and then the shipping cost are thrown in, frames welded up here in the US dont cost much more at all. Also for American companies that assemble bikes here in the US from foreign frames, if some model is a hot seller, they can fill the order back log much quicker with frames welded up here.

  7. #7
    Bicycle Repair Man !!! Sixty Fiver's Avatar
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    There isn't a big enough market for high end bicycles to provide a significant number of jobs... if you want jobs you need to move back to a high production, mass produced model.

    This will also shorten supply lines, provide peripheral employment, and boost the local economy.

  8. #8
    Senior Member RPK79's Avatar
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    Quote Originally Posted by demoncyclist View Post
    I would rather see the govt give incentives to bring manufacturing jobs back and close the loopholes that allow the big corps to pay no income tax at all. That would increase employment and tax revenues at the same time.
    One of those tax loopholes happens to be a credit for relocating jobs back to the US. The only loophole that relates to moving income offshore only effects foreign income so long as the profits are not moved back to the US. If a US based company wants to move their foreign income back to the US that loophole closes for them.

    "Tax loopholes for big corps" is such a cliche soundbite and is often uttered by people who don't even understand their own taxes let alone corporate taxes.

  9. #9
    Senior Member Looigi's Avatar
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    According to their blurb, they're going to be building bike that sell for between $120and $250 retail. I don't see how it's possible to manufacture bikes and components in the US for bikes that will retail at that price.

    >>>"We are excited with the challenge of assembling and manufacturing affordable bicycles in the United States,” Kamler said. “Wal-Mart is committed to buying the bikes as part of its Buy America initiative,” he added. South Carolina-built Kent adult bikes will sell for $119 to $249, and 20-inch models will sell for $99 to $149. The South Carolina bikes will only be a part of what Kent sells internationally. The company will continue to produce many of its bikes in Asia.<<<

    http://www.bicycleretailer.com/north...a-bike-factory
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  10. #10
    The Left Coast, USA FrenchFit's Avatar
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    Minimum wage, no benefits I'm assuming. Seems a little desperate to celebrate the wooing of a company like that, but what do I know? On a related theme, Specialized appears to be advertising for 35 of so jobs to add to their Morgan Hill location: http://www.indeed.com/jobs?q=Special...gan+Hill%2C+CA I wonder if those are real available jobs or if the host is re-cycling old job posts. Salary range estimate between $40K-130K, full benefits, though that's not big money for the Bay Area. But it's nice to think Specialized is booming, even if it's Specialized.
    Last edited by FrenchFit; 01-24-14 at 08:53 AM.

  11. #11
    Senior Member RPK79's Avatar
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    Quote Originally Posted by Looigi View Post
    According to their blurb, they're going to be building bike that sell for between $120and $250 retail. I don't see how it's possible to manufacture bikes and components in the US for bikes that will retail at that price.
    They will likely use a lot of automation.

  12. #12
    Dirty Schwinn-Lover deeth82's Avatar
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    Quote Originally Posted by Looigi View Post
    According to their blurb, they're going to be building bike that sell for between $120and $250 retail. I don't see how it's possible to manufacture bikes and components in the US for bikes that will retail at that price.
    I'm a bit wary of that, as well...but honestly, this will not likely be a "100% manufactured at home" scenario. Much like Harley Davidson loves to advertise by touting their "Made in the USA" label, much of their parts come from German manufacturing plants...so it's more like "Assembled in the USA" when one gets right down to the core of the matter. 175-ish jobs may seem like a lot, but these bikes will still be distributed internationally, so to me it sounds like "Assembly Line" instead of "Manufacturer". Still, SC could use some more jobs, and I'm all for bicycle-related jobs, even if it's just to mass-produce beaters/Wally World-tier bikes. I've got one of those Takara Kabuto's (Kent), and it's a great Hi-Ten beater at a low price, so long as one maintains it well enough.

    And yes, much like Amazon and other businesses that move in from outside the state of South Carolina, they will most likely receive a certain period (typically 3-5 years) where the business isn't taxed to its fullest extent. It also "helps" that we're a Right To Work/Labor At Will state, meaning we don't have a lot of unionization, since your boss can fire you for pretty much whatever reason they want (since they're not law-bound to tell you why they're firing you). This saves big companies from having to funnel quite so much money into quite so many legal issues...in other words, another boon for businesses looking to turn a hefty profit.
    Ride what you like, how you like.

  13. #13
    Senior Member demoncyclist's Avatar
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    Quote Originally Posted by RPK79 View Post
    One of those tax loopholes happens to be a credit for relocating jobs back to the US. The only loophole that relates to moving income offshore only effects foreign income so long as the profits are not moved back to the US. If a US based company wants to move their foreign income back to the US that loophole closes for them.

    "Tax loopholes for big corps" is such a cliche soundbite and is often uttered by people who don't even understand their own taxes let alone corporate taxes.
    And then there are those who don't know the difference between a loophole and a legitimate tax credit. Not that I would ever cast aspersions about another person's understanding of the world around them.
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  14. #14
    Senior Member RPK79's Avatar
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    Quote Originally Posted by demoncyclist View Post
    And then there are those who don't know the difference between a loophole and a legitimate tax credit. Not that I would ever cast aspersions about another person's understanding of the world around them.
    Loophole is a media term. I actually own a small tax practice.

  15. #15
    Senior Member demoncyclist's Avatar
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    loophole (n): an ambiguity or inadequacy in the law or a set of rules

    All words are media terms when used by the media. You should know, since you own a small practice, that there are things that you can get away with because they aren't expressly disallowed. My opinion is that those ambiguities should be rectified so that everyone pays their fair share. Now, if there is a tax credit for American corporations doing what they should do as good citizens anyway, that is a horse of a different color. Just sayin...
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  16. #16
    Senior Member RPK79's Avatar
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    Quote Originally Posted by demoncyclist View Post
    loophole (n): an ambiguity or inadequacy in the law or a set of rules

    All words are media terms when used by the media. You should know, since you own a small practice, that there are things that you can get away with because they aren't expressly disallowed. My opinion is that those ambiguities should be rectified so that everyone pays their fair share. Now, if there is a tax credit for American corporations doing what they should do as good citizens anyway, that is a horse of a different color. Just sayin...
    Almost nobody ever points out these loopholes specifically. They just say they are there and since politicians and the media complain about them ad nauseam everyone assumes that there must be some great big gaping hole in our tax code that lets "big corporations" run rampant. Some folks point to the legitimate tax credits and call those loopholes. Some folks look at sales dollars and ignore expenses and blame loopholes on a lack of taxes. Some look at current year earnings and ignore prior period losses being carried forward and blame loopholes. Some call section 179 depreciation a loophole and I really don't get that one...

    Tax loopholes are a mostly fictional political construct used to garner votes from empty promises to make the rich pay their "fair share". Period.

    Meanwhile, it's nice that Kent International is moving some operations to SC.

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    I tend to be rather skeptical about news stories saying that any company is "bringing back manufacturing jobs to the USA". The economics don't support it, normally.

    When most manufacturing jobs left, all you needed for many of them was a high-school diploma and the jobs paid middle-class wages.
    When they bring the jobs back, they are either low-paying jobs, or they require an engineering degree or trade school (that are expen$ive) and they still pay low-middle-class wages. So you still end up living on pretty low income after you make your monthly student loan payment. The only exceptions to this rule is stuff that the govt is dumping tax money into--military manufacturing, hybrid/electric cars, ect.


    Worksman does it though, so it must not be impossible. They just make the frames maybe though.... maybe rims and spokes? and I think Worksman is a union shop. But that is something.
    .........
    I had a Worksman once, for a general knock-around bike it was okay for the price but the larger of the two frames they sell was sized for a early-teenager. It was way too small for this 6'2" adult, the handlebars were in my lap.

  18. #18
    Disco Infiltrator Darth Lefty's Avatar
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    These are the GMC Denali people. It's not entirely clear exactly what's going to happen in this plant but I bet it's assembly, which is the number 1 complaint about BSO's.

  19. #19
    Senior Member MEversbergII's Avatar
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    This'll go to the Politics section real quick. Good for them, hiring a couple people. Hopefully the jobs are enjoyable and it kicks off something great.

    M.

  20. #20
    Senior Member rydabent's Avatar
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    GOOD welders dont work for min wage. Any jobs created here in the US is a good deal. Like them or not Walmart is sales savvy. A short supply line can turn on a dime and supply what models are hot sellers.

  21. #21
    Senior Member Retro Grouch's Avatar
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    Quote Originally Posted by demoncyclist View Post
    And then there are those who don't know the difference between a loophole and a legitimate tax credit. Not that I would ever cast aspersions about another person's understanding of the world around them.
    "Legitimate tax credit" is one that applies to me.
    "Loophole" is one that applies to somebody else.
    My greatest fear is all of my kids standing around my coffin and talking about "how sensible" dad was.

  22. #22
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    Quote Originally Posted by Retro Grouch View Post
    "Legitimate tax credit" is one that applies to me.
    "Loophole" is one that applies to somebody else.
    I love it. Me too. ;-0

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