Incentives Keep Mitsubishi Motors in Normal, Illinois, Saving 1,200 Jobs
02/07/2011
"Mitsubishi Motors remains fully committed to producing vehicles in Normal, and I would like to thank Governor Quinn for his support of the automotive industry. We will build vehicles here not just for the United States, but for many nations around the world," said Mitsubishi Motors North America President Shinichi Kurihara.
The state's Department of Commerce and Economic Opportunity (DCEO) will administer the more than $29 million package consisting of EDGE tax credits and Employer Training Investment Program (ETIP) job training funds. It will also benefit from being located in an Enterprise Zone.
EDGE allows car makers to retain employee income tax withholdings and reinvest the money in job-creating projects.
Most Read
-
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
Hot Jobs: Growing Industrial Sectors
Q4 2019
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
-
Hiring Challenges Continue Throughout the U.S.
Q4 2019
-
What Should High-Growth Companies Look for in a Community?
Q4 2019