Feb 5, 2007
The Maryland General Assembly just voted to hand over nine million dollars to Marriott International from its “Sunny Day” fund. This little gift came on top of 73 million dollars in subsidies and infrastructure improvements that the state of Maryland gave Marriott in 1999, after the company threatened to move its headquarters out of Maryland to Virginia. In return, Marriott promised to add another 700 jobs at its headquarters. Did they add these jobs? No, they added 117. But the lawmakers gave them the money anyway!
So the Maryland taxpayers are paying Marriott about $624,000 per job added.
The jobs were simply an excuse for the politicians to funnel more tax dollars to an enormous Fortune 500 company. Marriott had 670 million dollars in profits last year. This company is certainly the poster child for success – success of those with billions able to grab millions more from the taxpayers.