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Thursday, June 11, 2009

Taxpayers Funded $13 M in NCR Grants

ATLANTA (AP) - State documents show that Georgia lured the world's leading provider of ATMs to move its headquarters from Ohio with $13 million in grants funded by taxpayers. The cost of Georgia's grants to NCR Corp. is outlined in documents obtained by The Associated Press through an open records request. The grants are part of an incentive package of about $100 million to NCR. Most of the incentives come in the form of tax credits and breaks. The state is funneling the money through development authorities in Fayette and Gwinnett counties. The grants come as the state is slashing its budget to meet a shortfall. NCR announced last week it's moving its headquarters to Duluth, Ga. from Dayton, Ohio.

(Associated Press)

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