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Ohio Offers GM $56 Million
By EmploymentCrossing
Desperate times call for more money.
The state of Ohio’s task force met to plan a way to keep a GM plant open in Moraine, a city in the Miami Valley.
With over 2,400 jobs on the line, GM was looking to shut down the operation by 2010.
But an aggressive move by state and local governments led to Ohio Governor Lee Fisher offering a tax money-based package to urge GM to stay.
Fisher acknowledges that business has dropped off the map for GM, and the demand for SUV’s and other gas guzzlers doesn’t suit a large supply of workers. However, the state suggested the car company look to produce new products in Moraine.
With the plant down to one shift, presumably for the next year or two, the state pushed hard. Usually, it’s the other way around, with the company shopping for a deal from a state that fits the profile for a home base.
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