Gov News Blog, 18/05/2010, excerpt.-
(...) "A year ago, we took significant action to jumpstart economic growth and job creation. That action included making investments in sectors with the greatest potential for private sector job growth -- areas like clean energy and infrastructure.
And one of those investments is going towards revitalizing the site right next door, preparing it for new construction, and building a rail spur that connects to the Norfolk Southern line that runs through town. So as a result of this investment, V&M Star’s parent company decided to invest $650 million of its own money -- its own money -- (applause) -- to build a new one-million-square-foot mill right here in Youngstown, the largest industrial plant built in the valley since GM built its plant over in Lordstown in the 1960s. Think about that -- biggest investment since the 1960s -- 50 years. (Applause.) So right here, in the heart of the old steel corridor, where some never thought we’d see an investment like this again, they’re placing a bet on American manufacturing and on this community.
And that bet is going to pay off for 400 construction jobs once they break ground this summer; 350 new manufacturing jobs once the mill comes online, which doubles the current workforce. And, as everybody here knows, every time a new factory or plant opens or expands in America, it doesn’t just employ the people who are working at the plant, everybody here, suddenly, they’ve got a little more money to go buy lunch somewhere or buy a computer for their kids or do something else, and so it becomes an economic lifeline for the whole community, capable of supporting hundreds or even thousands of jobs indirectly. And so that’s a success story that all of you are part of.
Now, I don’t want to suggest this one plant and the jobs it’ll create are going to make the difference for the entire community. It took us decades to get to where we are; it’s going to take some time to get to the point where we need to be. But just think about where we were a year ago: Our economy was collapsing. Our businesses were losing 750,000 jobs every month. Economists across the spectrum were warning very seriously of the possibility of another Great Depression. And all of this was on top of one of the toughest decades for America’s middle class that we’ve ever seen."
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