  Thejesus Member Username: Thejesus Post Number: 571 Registered: 06-2006 |
Visteon to invest $35 million in new highland Park plant February 13, 2007 By JASON ROBERSON FREE PRESS BUSINESS WRITER Visteon Corp., an auto supplier of interiors and electronics, said today it will spend $35 million to build a manufacturing plant in Highland Park. The plant, which creates 353 new jobs, will make interior components and serve as a regional manufacturing facility, providing parts to sequencing centers throughout the Midwest. http://freep.com/apps/pbcs.dll/article?AID=/20070213/BUSINESS01/70213039 (Message edited by thejesus on February 13, 2007) | ||
Johnlodge Member Username: Johnlodge Post Number: 110 Registered: 10-2003 |
I don't know if this is good or not. More of the same eggs in the basket. And this particular egg seems to have problems constantly. But I guess its better than nothing. | ||
Thejesus Member Username: Thejesus Post Number: 572 Registered: 06-2006 |
My thoughts exactly...creating 353 jobs can't make Highland Park any worse off than the place already is, but it would be nice to get a company that doesn't seem to have one foot in the grave | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 272 Registered: 11-2006 |
Visteon was in a LOT more trouble a couple of years ago than they are now. They have moved away from Ford as much as possible and have diversified their clients to include other domestic and foreign brands. A few much needed jobs for HP and Detroit | ||
Jt1 Member Username: Jt1 Post Number: 8295 Registered: 10-2003 |
In the case of HP any eggs are better than no eggs. | ||
Dougw Member Username: Dougw Post Number: 1549 Registered: 11-2003 |
The article link above doesn't seem to be working... try this one: http://freep.com/apps/pbcs.dll /article?AID=/20070213/BUSINES S01/70213039 | ||
New2theeastside Member Username: New2theeastside Post Number: 34 Registered: 01-2007 |
And even if they blow up 3 years after the project is done. Atleast there will be a state of the art facility in HP. All they have now is the old Model T. that is not too enticing for would be companies | ||
Danny Member Username: Danny Post Number: 5515 Registered: 02-2004 |
YAY!! MORE JOBS. I wrote to all that Granholm is staying the course. | ||
Jasoncw Member Username: Jasoncw Post Number: 340 Registered: 07-2005 |
Good news!  | ||
Supersport Member Username: Supersport Post Number: 11246 Registered: 10-2003 |
quote: So her economic plan is to continue to give huge tax breaks to companies to locate their manufacturing facilities here? Funny, because she blames our current economic condition on manufacturing, yet in the same breath states that projects like these are proof that her plan is working. I thought the plan was to diversify Michigan's economy and to give tax breaks to companies that will do just that. Let's hope this plan works out better than her other plan, where Visteon's IT HQ was to relocate downtown. The city sold the land for $1. I know it's in a renaissance zone as well, but anybody know if incentives went with that deal as well? At least Visteon is stuck paying for their 10 year lease until they can sublease it, yet still, why would anybody in their right mind go back and give big breaks to a company like this? Lastly, does anybody know the details of "this plan" she speaks of? As the recruiters I talked to today seem to inform me that nothing much has changed in months, jobs are still just barely trickling in. | ||
Supersport Member Username: Supersport Post Number: 11247 Registered: 10-2003 |
This must be part of her plan on crime. quote: http://www.clickondetroit.com/ news/11000839/detail.html | ||
Goat Member Username: Goat Post Number: 9213 Registered: 10-2003 |
Sport, if those tax breaks means bringing in companies and new jobs then that is a good idea. Every other state is offering the same damn thing! If Michigan doesn't play by the new set of rules it will lose everytime. Shouldn't you be glad about this? | ||
Charlottepaul Member Username: Charlottepaul Post Number: 474 Registered: 10-2006 |
What are the chances, do you all suppose, that these new jobs will employ people that live in Highland Park? | ||
Mayor_sekou Member Username: Mayor_sekou Post Number: 508 Registered: 09-2006 |
Slim to none. | ||
Charlottepaul Member Username: Charlottepaul Post Number: 481 Registered: 10-2006 |
So basically the only good news for Highland Park is that they will collect a bunch of money in taxes from this development? | ||
Supersport Member Username: Supersport Post Number: 11248 Registered: 10-2003 |
quote: Not sure if it'll be "a bunch" after their 7 year, $4.5 million tax abatement. Don't get me wrong, this is good news! My only complaint is that she regards this as "part of her plan." I thought the plan was to diversify the economy of this state, as for the past 50 years banking on manufacturing continues to fail. As mentioned, I be shocked if very many people hired actually reside in Highland Park. | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 273 Registered: 11-2006 |
SS- There were NO new jobs going to be created with the Kennedy Square lease. They were simply moving IBM IT workers from another location. They have subleased their space | ||
Mackinaw Member Username: Mackinaw Post Number: 2418 Registered: 02-2005 |
Visteon and Highland Park: two struggling parties...but hopefully this will be good for both. Nice to see something which creates jobs in the inner city. | ||
Supersport Member Username: Supersport Post Number: 11250 Registered: 10-2003 |
Where have you heard that they subleased it? I read something just earlier today stating that the portion Visteon was to use is still up for lease. | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 275 Registered: 11-2006 |
From within Visteon I have heard that they are currently paying the lease, and have subleased a portion of the space. They are in negotiations to lease the rest, and its possible (though unlikely) that they may move some of their own ppl into the building if nothing else at all. Visteon was never moving its own employees in the building. It was going to be IBM workers that they had contracts with. The building would never have been built within Visteon, and those construction jobs wouldnt have been created so we can look at it that way hah | ||
Sstashmoo Member Username: Sstashmoo Post Number: 3 Registered: 02-2007 |
Companies that take these incentives and move in should be required to refund it if they so choose to move out. | ||
Detroitplanner Member Username: Detroitplanner Post Number: 969 Registered: 04-2006 |
It would be cool if they put this in the old Model T plant. | ||
Eric_w Member Username: Eric_w Post Number: 15 Registered: 02-2007 |
Trouble with the old Model T plant-it's falling apart. Used to work in Highland Pk & my employer had a warehouse there- the whole place is the pits. The best thing would be to clear the land for new construction. If some jobs come to HP it can't be all bad. | ||
Queensfinest Member Username: Queensfinest Post Number: 32 Registered: 08-2006 |
This would be better news if it were a profitable company that was in no way connected to the dying auto industry. But i suppose for the short term, which seems to be the way in which politicians and businesses view the big picture in Michigan, it is better than nothing, right? | ||
Aiw Member Username: Aiw Post Number: 6160 Registered: 10-2003 |
I imagine that this will be built in the Oakland Ave. industrial park, on the old Chrysler land, vs. a stand alone new plant like the Budco one. Has there been any word of where it will be? | ||
Bobj Member Username: Bobj Post Number: 1735 Registered: 11-2003 |
Another way to look at it, most manufactoring jobs are being filled in other States or countries- I think it is great to see some stay in MI and especially a place like HP. Good news! | ||
Lombaowski Member Username: Lombaowski Post Number: 30 Registered: 11-2004 |
quote: What are the chances there are five qualified candidates in Highland Park for any of the jobs? | ||
Charlottepaul Member Username: Charlottepaul Post Number: 518 Registered: 10-2006 |
Yeah, seems to me that is doesn't benefit HP at all! No chance that those in Highland Park are going to be hired and the facility isn't paying taxes to Highland Park for several years, so is there any good news in this event? |
