For Immediate Release: Contact: Todd Walker January 14, 2021
[email protected] Ohio and General Motors Reach Agreement on $12 Million Community Investment The Ohio Development Services Agency and General Motors have reached an agreement on the company’s $12 million community investment in the Mahoning Valley. The community investments are required as part of the settlement for GM’s repayment of its Job Creation and Retention Tax Credit incentives. In addition, GM will repay $28 million in tax credits. The state of Ohio required that GM refund the tax credits and make these investments following the company’s decision to close its Lordstown assembly facility. “This agreement provides investment in workforce, education, and infrastructure that will build on the Mahoning Valley’s strong manufacturing heritage,” said Governor Mike DeWine. “This investment will position the region for economic growth in the automotive industry and beyond.” GM has committed $5 million to Youngstown State University for workforce development in partnership with Eastern Gateway Community College, and funding for the YSU Energy Storage Innovation and Training Center. The Village of Lordstown will receive $3 million for the design and construction of a new water tower. Eastgate Regional Council of Governments will receive $2.5 million for local infrastructure improvements, and the Mahoning Valley Manufacturers Coalition will receive $1.5 million to support community workforce development. “The partnerships with Youngstown State and the Mahoning Valley Manufacturers Coalition will help develop the workforce for the electric vehicle and battery markets,” said Lt. Governor Jon Husted. “The future of energy technology is being developed right here in Ohio, and our ongoing relationship with General Motors will accelerate this innovation while providing jobs in the Mahoning Valley.” “These projects were identified locally, will leverage additional outside funding, and have a measurable impact on the community,” said Lydia Mihalik, Director of the Ohio Development Services Agency.