Ohio’s official unemployment rate has fallen to its lowest level in 13 years after employers added naerly 18,000 jobs in November.
Abandoned GM Plant Gets New Buyer
The sale of a former General Motors plant in north-central Ohio is raising hopes that new jobs will be coming.
Representatives of Dover, Ohio-based Brownfield Communities Devemoplemt Co. say they have two potential tenants that could bring 1,100 jobs combined.
One would create 850 full-time jobs and the other, 280 full-time jobs. Those tenants were not identified.
The deal also calls for the city of Ontario to receive up to $2 million if the promised jobs don’t arrive.
General Motors Co. shut down the plant in 2010. The factory had opened in 1955.
The new owners plan to demolish half of the plant and turn it into a modern multi-tenant site.
Terms of the sale weren’t released.