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Millions in Revenue Coming to Moraine
MORAINE -- Auto glass gold will soon be flooding the Miami Valley. Fuyao Glass Industry Group is bringing hundreds of jobs and millions in revenue to Moraine. The auto parts manufacturer is moving into the old General Motors plant in Moraine, bring with it at least 800 new jobs. The company just signed off on the purchase Friday. Local leaders believe the deal is just the start of a manufacturing boom.
GM retiree, Charler Agnor, remembers the good 'ole days, when GM was king and the community was thriving. When the moraine plant shut down in 2008, the area lost more than 2,000 jobs and millions is tax revenue. But now some of that business boom could come back. Fuyao Glass Industry Group is moving in.
"It'll be good for the community, big tax revenue for the whole area," Agnor said.
Fuyao plans to invest more than $200 million dollars into the plant and bring 800 new jobs to the area. It's one of the largest Chinese investments ever made in the U.S.
"There will be other companies coming because of this particular investment," said David Burrows with the Dayton Development Coalition.
Fuyao isn't buying the entire old GM site. There's still more than two million square feet available for purchase. Local leaders believe once the auto glass company is operational, it's only a matter of time before more manufacturers move in.
"We're known for building things, manufacturing things. This is a great opportunity to let people know we're still here, we're still making things," Burrows said."I hope my kids can get a job there one of these days," said Agnor.
Fuyao is expected to start hiring manufacturing jobs by the end of this year and will open its doors by the end of 2015.
COLUMBUS -- Gov. John Kasich and Cao Dewang, the chairman and founder of Fuyao, announced the company's plans to bring a $200 million investment and at least 800 jobs to Moraine's idled assembly plant.
WATCH THE ENTIRE ANNOUNCEMENT: Kasich Announces Moraine Plant
Kasich said this project represents the ninth largest investment in America and the largest in Ohio.
"China and America are two great powers in this world," Kasich said. "We searched for understanding between out two nations, the ability to conduct trade, to develop friendships, to share many commonly held values."
Cao Dewang said he wants to have the facility operating by June 2015 and expects to start hiring by the end of this year.
Stu Lichter, president of Industrial Realty Group, which owns the Moraine Assembly Plant, said he and many others worked hard over the years to save the plant. He said he considered it vital infrastructure.
View the company's poster depicting the the redeveloped Moraine plant: http://www.abc22now.com/shared/news/features/files/Fuyao_Poster_Site.pdf
"It's truly a wonderful thing when you start out on a difficult journey and the journey ends up exactly where you wanted to go," Lichter said.
Sen. Sherrod Brown applauds today's announcement. He said he's been an advocate for the redevelopment of the former automotive plant and has worked with local, state and federal officials to secure more than $25 million in federal resources to aid in the clean-up and redevelopment of the site.
Bringing life back to this plant is not only a great thing for the residents of the Miami Valley, it shows what can happen when a community rallies behind a project and brings diverse stakeholders to the table, Brown said. Todays good news would not have happened without the hard work and dedication of local officials, the Dayton Development Coalition, IRG, and others over the past six years who helped build the foundation for this exciting announcement.
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WASHINGTON (AP) -- The FBI says it has enough evidence to conclude that North Korea was behind the hack attack against Sony Pictures Entertainment.
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