Ekh
Elio Addict
Elio most certainly did fight them
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News From Shreveport
- Thread starter Ty
- Start date
Sailor Dog
Elio Addict
This article doesn't single out Elio (It really has no local response at all) but wallethub.com rates Shreveport "worst place to find a job". Hard to imagine the locals aren't going to drag Elio through the mud. again.
http://www.shreveporttimes.com/stor...veport-ranked-worst-place-find-job/995632001/
http://www.shreveporttimes.com/stor...veport-ranked-worst-place-find-job/995632001/
RSchneider
Elio Addict
I never understand those types of studies. I live in the Lehigh Valley and it has around 800K in population. If you want a really high paying job and cheap living expenses, you live here and work in NJ or NYC. The jobs are abundant too. It's perfect Elio territory because I know many that live here and drive 100 miles round trip each day to their super high paying job in Pharma (which 90% of all Pharma is in central NJ) or finance in Manhattan. It's just that the ones for Manhattan take the bus. Yet an area like this doesn't even get a mention. They have places like South Burlington VT which you could blow right through in your Elio and not even notice (it has a population of 18K).
I do agree, Shreveport is a dump and it's typical of other towns in the south (i.e. Birmingham). It's a land of the haves and have nots. There are some phenomenal areas in both but most of it is just a dump. Honestly Elio would have been better off building a new plant in SC or TN where they are closer to suppliers and they have great tax incentives and a big workforce. There's a reason why GM shut that plant down. It wasn't because it was in the best place or the most efficient. That's why GM did their last major upgrade to the place about 20 years ago and then rode it out until they closed it down.
I do agree, Shreveport is a dump and it's typical of other towns in the south (i.e. Birmingham). It's a land of the haves and have nots. There are some phenomenal areas in both but most of it is just a dump. Honestly Elio would have been better off building a new plant in SC or TN where they are closer to suppliers and they have great tax incentives and a big workforce. There's a reason why GM shut that plant down. It wasn't because it was in the best place or the most efficient. That's why GM did their last major upgrade to the place about 20 years ago and then rode it out until they closed it down.
PA Car Guy
Elio Enthusiast
Rschneider - lifelong resident of Lehigh valley?
Ty
Elio Addict
Yeah, in 2010 when GM stopped making the horrible Hummer H3, they shuttered the plant.
Check this out if you'd like to see a little about the plant. And no, Elio wouldn't have been better off building a complete plant somewhere else. Those things are expensive!
http://racertrust.org/files/shreveport-marketing-brochure.pdf
Check this out if you'd like to see a little about the plant. And no, Elio wouldn't have been better off building a complete plant somewhere else. Those things are expensive!
http://racertrust.org/files/shreveport-marketing-brochure.pdf
floydv
Elio Addict
Apparently they forgot to mention the part about the toxic regulatory and legislative landscape and generally anti-business environment in that parish.
Watashiwah
Elio Addict
You left out corruption, vendetta, absence of ethics, individual weak work ethic, political grandstanding, and little concern for the relatively smaller remaining that are motivated but unemployed.
RSchneider
Elio Addict
Also, you forgot that they have paid 4 years on a lease, insurance and maintenance of a building they have never used. They took out a $25M loan for equipment they never used. They paid back late lease payments with common stock. They agreed to a jobs plan that is in excess of $7.5M in a fine. As of Monday they will have to start paying either cash for lease, insurance and maintenance or hope they can release more stock to cover those expenses. They told the Caddo Parish that production was to start in mid 2014 (not a targeted date or we think we might get to making cars). They told the Caddo Parish in October 2016 that in 2017 production was to start. On and on.
This is why it would have been better for Elio to have spent 2013-2016 getting the Elio 100% ready and then go shop around for tax incentives and cheap loans from local governments. Instead, they have a financial burden where money has been going out the door that does nothing to get the final product production ready. Without the hassle and those payments, Elio probably would have a production ready Elio in mid 2016. They could have spent 6 months shopping around, another 6 months building and outfitting a factory. Then the first 1K of you would have been driving around in your Elio by this past Christmas.
In the current state, I can see why the Caddo Parish is upset. Any local government would be too if they forked over $7.5M for a factory so they know that it would be running full tilt by 2015. Elections are every two years and they have to answer to their voters as to why it is not, thus why Elio gets hammered on about every 18 months by them. When you get involved in local politics, you have to take the good with the bad. The good was from 2013-2015, 2016-2017 is the bad. Unless something changes, you can count 2018 in on that.
This is why it would have been better for Elio to have spent 2013-2016 getting the Elio 100% ready and then go shop around for tax incentives and cheap loans from local governments. Instead, they have a financial burden where money has been going out the door that does nothing to get the final product production ready. Without the hassle and those payments, Elio probably would have a production ready Elio in mid 2016. They could have spent 6 months shopping around, another 6 months building and outfitting a factory. Then the first 1K of you would have been driving around in your Elio by this past Christmas.
In the current state, I can see why the Caddo Parish is upset. Any local government would be too if they forked over $7.5M for a factory so they know that it would be running full tilt by 2015. Elections are every two years and they have to answer to their voters as to why it is not, thus why Elio gets hammered on about every 18 months by them. When you get involved in local politics, you have to take the good with the bad. The good was from 2013-2015, 2016-2017 is the bad. Unless something changes, you can count 2018 in on that.
Travelbuzz1
Elio Addict
Elio's not stupid, they have us following them..... Fortune Favors the Bold.