When the on-line company Angie’s List backed out of a deal to expand its headquarters in Indianapolis, company executives were quick to claim that it was their moral duty not to expand in a state that so intolerantly decided to protect the rights of people of faith to conduct their lives in accordance with their faith.
Angie’s List CEO Bill Oesterle said his firm will pull out of a pending deal with the state and city to expand its headquarters in Indianapolis because of his disagreement with the state’s passage of the “religious freedom” law.
“We’re going to be very vocal on this issue and I don’t feel we can do that if we are taking state money,” Oesterle said Saturday in an interview with The Indianapolis Star. “We don’t want to be bound by commitments in that deal given the current atmosphere in the state (government).”
And for that, the trained seals of the left applauded them for showing… what do they call it? Good corporate citizenship? Moral leadership?
But the truth is, the city and state had already begun questioning the millions of dollars in subsidies Angie’s List was demanding. And the city council was preparing to vote down the subsidies Angie’s List had demanded. And the real reason Angie’s List wanted to suspend the project had nothing to do with protecting gay people from hurt feelings, and everything to do with not getting their corporate expansion fully subsidized by the taxpayers of Indiana.
Perhaps the most glaring is the fact that in its 20-year history, Angie’s List has never turned a profit. In addition, the company’s stock has plummeted from its initial public offering of $15.80 to this week’s $5.14 per share.
While Angie’s List tempts and teases with the promise of expansion, including adding 1,000 new jobs and relocating 800 of its current employees; we can’t forget the company’s massive layoff just last year.
The proposal currently states the city would designate $2 million on streets and other infrastructure work with the remaining $16.3 million going toward building a garage for employees and relocating an Indianapolis Public Schools’ warehouse from the former Ford assembly plant. But the city wouldn’t be alone in its giving. The state would provide $6.5 million in tax credits and $500,000 in training grants.
Thanks, John in Indy, for pretty much writing the story.