Some great reporting coming from Jeff Ostrowski of the Palm Beach Post. In his latest piece he reveals testimony from various DD executives in a lawsuit filed by a former investor.
In an email sent from Textor to the investor:
“At this point, I am fairly certain that a train wreck is coming,” Textor wrote in an email to Stork on Feb. 9, 2010. “I have no choice but to deal with it because of the promises I have made to the state of Florida. I HAVE to deliver jobs.”
As a part of the deal to subsidize Digital Domain work in Florida, the state required that 500 jobs averaging a salary of $65,000 be created b 2014. That’s a pretty ambitious plan.
So how do you get a bunch of VFX professionals to move to Florida? Well if you’ve been watching the job postings you probably noticed the abundant number of STAFF position offerings in Florida.
“A lot of people left higher paying jobs that were contracts to come out here because they wanted that full time, guaranteed benefits, guaranteed salary. And it’s gone now. I don’t know how to explain it other than it’s absolutely terrible. It’s really sad,” said Holzschuh.
“It was what we wanted the effects industry to do, and they were actually doing it. And it was great, and people could raise kids with this plan. We could put down houses, and a lot of people did buy houses. And now, we’re left in an industry that is losing more and more jobs,” Holzschuh said sadly.
I don’t blame anyone for wanting to move to a lower cost area to raise a family and own a home but all these subsidies do is artificialize the market. It’s part of the reason why I’m working on a campaign to challenge these subsidies as they violate various trade agreements.
I’m sorry for anyone and their families for what happened. A year and a half ago I was very suspicious of the deal in Florida and posted on it.