The article was supposed to be about how a old Packard plant was going to be repurposed, and it drifted a little, this was about 1/2 way through it:
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"We believe strongly in having commercial entities close to the university," Brangman says. "Students are developing with an enterprise that's going to make them much more marketable."
Car News
GM to shut Ohio SUV plant 2 years ahead of plan
General Motors is ending production of its slow-selling mid-sized SUVs on Dec. 23, two years earlier than announced in June. GM is pulling ahead the closure of its Moraine, Ohio, assembly plant ...
GM closed its 3 million-square-foot Shreveport, Louisiana, assembly and stamping plant in 2012 after making pickups there for 31 years. The outlook for the site brightened in 2015 when Elio Motors proposed a new life for it.
Elio, of Phoenix, says it will invest $100 million to manufacture three-wheeled motorized vehicles at the site and create 1,500 jobs there.
But nearly three years later, local officials are still waiting for Elio to move forward. Elio has postponed production, and in August 2017, filed with the SEC to hold an initial public offering to raise $100 million.
Louisiana Economic Development Secretary Don Pierson says the state economic development agency recognized when it began working with Elio that it was a "speculative project with a high investment barrier to entry." For that reason, Pierson says, the state offered performance-based incentives that are tied to job creation and capital investments.
"Because Elio Motors has not been able to reach those performance thresholds, the State of Louisiana has paid no incentives to the company or its principals," Pierson wrote in an email.
But at the other end of the former GM plant, there has been better news. Last year, Glovis America, a logistics subsidiary of Hyundai Motor Group, acquired 125,000 square feet of the plant to create a distribution center for Kia and Hyundai vehicles. Glovis also has leased 90 acres at the site for its needs.
State officials say the Shreveport plant is big enough to accommodate both companies.
Glovis' plan to create 150 jobs is a far cry from Elio's 1,500 proposed jobs. But Pierson says the logistics company has hired about 125 full-time employees.
"We know that the potential exists in Shreveport -- whether from Glovis ... or other manufacturers, suppliers and distributors -- to add hundreds of additional jobs in future projects," Pierson wrote.
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So part of the plant is being used, funny how that was never mentioned any where else.
Here's the whole story:
Can a defunct factory return to relevance?
___________________________________________________________________
"We believe strongly in having commercial entities close to the university," Brangman says. "Students are developing with an enterprise that's going to make them much more marketable."
Car News
GM to shut Ohio SUV plant 2 years ahead of plan
General Motors is ending production of its slow-selling mid-sized SUVs on Dec. 23, two years earlier than announced in June. GM is pulling ahead the closure of its Moraine, Ohio, assembly plant ...
GM closed its 3 million-square-foot Shreveport, Louisiana, assembly and stamping plant in 2012 after making pickups there for 31 years. The outlook for the site brightened in 2015 when Elio Motors proposed a new life for it.
Elio, of Phoenix, says it will invest $100 million to manufacture three-wheeled motorized vehicles at the site and create 1,500 jobs there.
But nearly three years later, local officials are still waiting for Elio to move forward. Elio has postponed production, and in August 2017, filed with the SEC to hold an initial public offering to raise $100 million.
Louisiana Economic Development Secretary Don Pierson says the state economic development agency recognized when it began working with Elio that it was a "speculative project with a high investment barrier to entry." For that reason, Pierson says, the state offered performance-based incentives that are tied to job creation and capital investments.
"Because Elio Motors has not been able to reach those performance thresholds, the State of Louisiana has paid no incentives to the company or its principals," Pierson wrote in an email.
But at the other end of the former GM plant, there has been better news. Last year, Glovis America, a logistics subsidiary of Hyundai Motor Group, acquired 125,000 square feet of the plant to create a distribution center for Kia and Hyundai vehicles. Glovis also has leased 90 acres at the site for its needs.
State officials say the Shreveport plant is big enough to accommodate both companies.
Glovis' plan to create 150 jobs is a far cry from Elio's 1,500 proposed jobs. But Pierson says the logistics company has hired about 125 full-time employees.
"We know that the potential exists in Shreveport -- whether from Glovis ... or other manufacturers, suppliers and distributors -- to add hundreds of additional jobs in future projects," Pierson wrote.
_____________________________________________________________
So part of the plant is being used, funny how that was never mentioned any where else.
Here's the whole story:
Can a defunct factory return to relevance?
