Incentives spur manufacturing spending
Nov 11, 2010 | 12:16 PM
| Corinna Petry
One dozen metals and automotive companies–spurred by generous doses of state and local tax incentives–are expanding and adding jobs, particularly in the old Rust Belt, according to an AMM analysis of numerous announcements over the last six weeks.
In the Midwest, where September 2010 unemployment rates ranged from an uncommonly low 7 percent (Wisconsin) to 10.1 percent (Indiana and Kentucky), investments by companies large (Ford Motor Co.) and small (Fort Recovery Industries Inc.) will help to create thousands of jobs over the next three years.
In the metals area
•Fort Recovery Industries, an aluminum and zinc die cast hardware manufacturer, will invest $4.5 million to open a 50,000-square-foot plant in Portland, Ind., creating up to 40 new jobs by 2013.
•Metal tubing fabricator Whitley Products Inc. will spend $1 million to build a warehouse and install new equipment at a Plymouth, Ind., plant and create 30 new jobs by 2012.....
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