Dell Computer

  • 1984: Michael Dell founds Dell Computer Corporation
  • 1988: Dell holds initial public offering of 3.5 million shares of company stock
  • 1996: Dell added to Standard & Poor’s 500 stock index
  • 1999: Opens plant in Nashville, Tenn.
  • June 2004: Speculation begins about the possibility of a Dell expansion in the Piedmont.
  • July 2004: Kevin Rollins becomes Dell’s new chief executive officer. The Golden LEAF Foundation releases recruitment package plan to lure Dell to Winston-Salem.
  • Nov 4, 2004: A bundle of tax incentives, worth at least $242.5 million over 15 years clears the N.C. Legislature.
  • Nov 9, 2004: Dell chooses the Triad as the location for their third U.S. factory. Guilford and Forsyth Counties are possible sites, with 1,500 workers employed within five years. Gov. Mike Easley and Kevin Rollins shake hands to seal the deal. Local governments begin to craft incentives.
  • Nov 19, 2004: Guilford lays out its offer of $7.1 million in incentives.
  • Dec 7, 2004: Greensboro City Council votes to offer $5.3 million in cash grants and other incentives.
  • Dec 13, 2004: Forsyth County passes largest economic incentives package in county history, offering $14.8 million in cash and services.
  • Dec 14, 2004: Davidson County approves a $23.1 million incentives package.
  • Dec 20, 2004: Winston-Salem City Council approves an $18.9 million package. Combined with the Forsyth County offer and including free land, the total package is $37.2 million.
  • Dec 22, 2004: Dell selects Forsyth County site for the plant. Dell receives an incentive package from the N.C. General Assembly with up to $225 million in tax credits spanning 15 years. In return, the company is expected to create at least 1,500 jobs and invest $100 million over five years. Total incentive deal from local and state is more than $300 million.
  • June 2005: Robert Orr, a former N.C. Supreme Court justice and the head of nonprofit N.C. Institute for Constitutional Law, files a lawsuit challenging the $242 million in incentives approved by the N.C. General Assembly and the $37 million offered by Winston-Salem and Forsyth County.
  • May 10, 2006: Wake Superior Court judge, Robert Hobgood, dismisses incentives lawsuit.
  • Jan 2009: Dell Inc. agrees to a legal settlement with states that claimed the computer company made misleading financing and service offers to PC buyers. Dell agrees pay $3.85 million to North Carolina and at least 44 other states participating in the settlement. A portion of the money will be used to reimburse states for legal costs, including $75,000 for North Carolina.
  • Feb 2009: Announces plans to cut $4 billion in annual costs by the end of fiscal 2011, $1 billion more than its earlier goal. Layoffs were disclosed for computer assembly plant in Forsyth County but Dell officials declined to describe the positions or number of the layoffs.
  • April 2, 2009: Announced additional layoffs at its Forsyth County computer assembly plant, but refused to say how many people lost their jobs.
  • May 11, 2009:Frank Miller, Dell’s vice president for operations in the Americas, tells the Winston-Salem City Council that Dell now employs 1,140 people, 260 fewer than it did in January.
  • Oct 7, 2009: Dell announces plans to close its manufacturing plant in Winston-Salem by January 2010.
    About 905 employees will lose their jobs, with about 600 cuts coming next month.
  • Oct 27: The N.C. Dept of Commerce says that Dell will repay more than $1.5 million to the state and that the company has fully returned grant payments from 2006 and 2007. Officials in Winston-Salem have said the company also is in the process of repaying $26 million in local incentives.
  • Oct. 14: Three Dell employees file a petition for benefits from the U.S. Trade Adjustment Assistance Act.
  • Nov. 3: Dell repays about $15.5 million in incentives to Winston-Salem City, about $7.9 million to Forsyth County, about $2.8 million to the Millennium Fund and about $308,000 to Forsyth County Development Corp.
  • Nov 18: The announced last work day for 400 Dell employees.
  • Dec 2009: Announces an extension until April to keep the plant open.
  • Feb 2010: Announces for the second time an extension for the Forsyth County plant. The planned closing of the plant is now July.
  • Mar 2010: For the third time Dell extends the life of its computer plant in Forsyth County. The company notified employees Mar 17 & 18 that the plant will stay open through Oct. 29, which is the end of the third quarter of its fiscal year.
  • April 2010: Dell gives its computer factory its fourth reprieve and will keep it open until early next year.
  • Nov 19, 2010: Dell shuts down its production lines at the Winston-Salem plant.

Compiled by Diane Lamb, News & Record Researcher

Source: News & Record archive

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