Last week’s big news that a Chinese company will take over a large part of the old GM plant in Moraine is still reverberating throughout the Miami Valley. Officials say the automotive glass manufacturer, Fuyao, is expected to bring at least 800 jobs by 2017.
It’s the biggest job-creation win so far for Governor John Kasich’s semi-private economic development arm, JobsOhio.
The state of Ohio has announced plans for Chinese auto-glass manufacturer Fuyao to take over more than a million square feet of the former General Motors plant in Moraine, south of Dayton. The news is a major breakthrough for southwest Ohio, which has been struggling for decades with the slow trickle-out of major American manufacturers from the area.
A top lobbyist for Ohio's oil and gas drilling industry is urging state lawmakers to support a package of tax revisions advanced as an alternative to an earlier plan by Republican Gov. John Kasich.
At a packed hearing Wednesday, Ohio Oil and Gas Association executive vice president Tom Stewart supported a bill introduced last month. It would raise the severance tax rate on horizontally drilled wells by 1 percent, then 2 percent, while rolling back similar taxes on traditional wells.
UPDATE: On Thursday morning, Ohio U.S. Senator Sherrod Brown told WYSO he expects an announcement on the new tenant for the Moraine Assembly Plant as soon as Friday. Click here for the news.
It’s been just over five years since General Motors left its giant plant in Moraine, taking the last thousand jobs with it and spelling doom for Dayton’s economy, which once ran on the jobs provided by major industrial manufacturers like GM and NCR.