Conditional Grants Would Help Goodyear Plant
(Akron/Tire Review – Fayetteville Observer) The Goodyear Tire & Rubber Co. plant in Fayetteville could receive US$40 million in state grants if it spends at least $200 million on improvements and keeps a minimum of 2,400 workers. A bill approved 105-5 by the North Carolina House on July 26 creates a fund designed to help the tyremaker, which closed two plants last year. The Fayetteville site, which has been on Ramsey Street for 38 years, was among those considered for closing.
The bill now goes to the state Senate. It would give as much as $4 million yearly for 10 years to as many as five companies meeting the investment and employment requirements. Fayetteville’s Goodyear plant is the only one that qualifies. “This is huge for all of the communities,” said Rep. Margaret Dickson, a Fayetteville Democrat who worked on the bill.