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A Diamond in hand"So you're spending money to make money," is how Griffin Lassiter, Birmingham Mayor Bernard Kincaid's economic development liaison, justifies a tax break the city has offered Red Diamond Coffee and Tea Co. to stay within the city. After all, the company will generate $3 million over 10 years in tax revenues for the city even after the tax break.
It's too bad some Jefferson County officials don't also see the obvious benefit of accommodating a home-grown business that has provided jobs in Birmingham for 100 years.
Red Diamond wants to buy county-owned land next to its headquarters on Vanderbilt Road for an expansion. The company has offered $2.5 million for the land - more than its $1.8 million appraised value - plus the company says it will pay up to $250,000 for environmental cleanup if needed.
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