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Tax $ Spur Private Investment, Jobs In OhioThis forum post is dated 05/21/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. Ohio - Computer Jobs
| Tax $ Spur Private Investment, Jobs In Ohio Remarks by the President on the Economy in Youngstown, OhioV&M Star Plant, Youngstown, OhioKey quote from President Obama at 4:19A year ago, we took significant action to jumpstart economic growth and job creation. That action included making investments in sectors with the greatest potential for private sector job growth -- areas like clean energy and infrastructure.And one of those investments is going towards revitalizing the site right next door, preparing it for new construction, and building a rail spur that connects to the Norfolk Southern line that runs through town. So as a result of this investment, V&M Stars parent company decided to invest $650 million of its own money -- its own money -- (applause) -- to build a new one-million-square-foot mill right here in Youngstown, the largest industrial plant built in the valley since GM built its plant over in Lordstown in the 1960s. Think about that -- biggest investment since the 1960s -- 50 years. (Applause.) So right here, in the heart of the old steel corridor, where some never thought wed see an investment like this again, theyre placing a bet on American manufacturing and on this community.And that bet is going to pay off for 400 construction jobs once they break ground this summer; 350 new manufacturing jobs once the mill comes online, which doubles the current workforce. And, as everybody here knows, every time a new factory or plant opens or expands in America, it doesnt just employ the people who are working X;b>...X;/b> |
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