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Obviously this is good news.
This combined with the Dana commitment at the old Jeep Site should spark additional companies to look at the old Jeep site. I believe the blade reported that other companies were in talks with the Port Authority - now that this is official, I wouldn't be surprised if we see an announcement in the next 30 days that another company is relocating/expanding on the old jeep site.
It will be interesting to see what other feeder businesses open up in the area. Currently it's a bit of a dead zone.
Am I missing the context here? Didnt we have a pretty good idea that this news was coming , based upon the earlier/initial announcement about the Cherokee shifting locations? Is it the investment amount and/or 700 incremental jobs thats raising eyebrows? Because again, I thought we already new, roughly, what was coming. Is this exceeding expectations ?
Yes. Everyone knew it was coming. Everyone also expected lost jobs, I didn't see anyone stating new jobs, especially 700.
i woukd say that's significant and new information.
It's big enough news that cnn has the announcement on the front page of their site.
I think that's the point of the original post.
I hear the word is this was not an accurate analysis. No jobs will be created.
Well, there's a big fat turd in the punch bowl isn't it?
Makes one wonder considering Fiat's penchant for inflating other facts and figures.
"word" doesn't equal fact. What is your source Molson?
Union official. Seems several companies Fiat bought will be absorbing the jobs...and very slowly.
It doesn't matter if they are Jeep jobs or supplier jobs, they are still jobs. Toledo didn't spend mega bucks keeping Jeep because of Jeep jobs, they did it because of all the jobs that the Jeep jobs create - including supplier jobs, jobs at the bar across the street, jobs at the stores where Jeep employees' spend money, etc.
Yeah, and Jeep jobs are Fiat jobs anyways. So if Fiat bought companies supplying parts, it's still the same company benefiting. Is the suggestion that these won't be local jobs, or just not Jeep official jobs?
ummmm 700 Jeep jobs>>>>700 supplier jobs>>>700 ancillary jobs >>>>>>zero jobs. But there is a huge difference in economic impact between each scenario.