Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Goodyear to Invest $250 Million, Retain 1,400 Jobs at Kansas Plant

03/24/2009
Goodyear Tire & Rubber Company will make capital investments of up to $250 million at its factory in Topeka, Kansas, according to Kansas commerce officials. The company has agreed to this investment as part of a deal in which the state will provide up to $14.2 million in training incentives. With the deal, Goodyear will retain 1,400 jobs at the plant for 10 years; the jobs have an average annual salary of $50,000. The agreement allows Goodyear to take advantage of an existing state program, rather than petition the state legislature for new incentives. "Goodyear appreciates the efforts and support of Governor Sebelius, Secretary of Commerce Kerr, and the leadership of the Kansas House and Senate to develop a proposal that would provide assistance for a potential modernization project at the Goodyear-Topeka plant," says Tim Davis, plant manager. The Associated Press reports that without the upgrades at the plant, Goodyear officials said they might have to cut 700 jobs there. The company says it will continue discussions with state officials to refine the agreement.

Exclusive Research