State Representative Anthony DeVitis (R-Green) today announced the State Controlling Board’s release of $1,433,936 to Goodyear Tire & Rubber Company for the construction of parking decks and a new headquarters.
According to documents from the Office of Budget and Management, as a result of the project and state assistance provided, Goodyear will retain 2,900 existing full time jobs which are currently at risk, with hourly wages of $45.
“The release of these funds is great news for the City of Akron,” said DeVitis. “Keeping Goodyear’s headquarters in Akron is imperative to strengthening the city’s economy. I am thrilled that so many existing jobs are going to be saved in the process.”
Founded in 1898, Goodyear is one of the world’s leading manufacturers of tires and rubber products. Goodyear employs over 77,000 people worldwide and operates over 96 manufacturing facilities in 28 countries.
The release of funding will allow Ohio to compete with other states for proposed projects and economic investment by Goodyear.