Dana is proposing a project consisting of technology upgrades, including automation and robotics, transitioning from antiquated equipment with an anticipated project investment of $6,697,500. This project would consolidate out-of-state operations into the Glasgow facility. The company anticipates retaining the existing 217 current fulltime jobs paying average hourly wages of $19.85, excluding benefits and creating an additional 155 new full-time jobs.
Kentucky approves the negotiated maximum incentive amount of $6,697,500.
http://dana.com/
UPDATE: EDITOR'S COMMENT: It appears that Dana officials are pursuing every avenue available to keep the doors open in Glasgow, and we do salute them for their efforts. We wish everyone at DANA the very best in Glasgow. Good luck!
Source Kentucky Cabinet for Economic Development
Received: October 21, 2009
KIRA PROJECTS (PRELIMINARY): Presented By Chuck Willis
DANA Commercial Vehicle Manufacturing, LLC (Barren)
Mr. Willis stated the company has a heavy duty gear manufacturing facility that is in imminent danger of closing without the incentives provided under the KIRA program. DANA is proposing a project consisting of technology upgrades, including automation and robotics, transitioning from antiquated equipment with an anticipated project investment of $6,697,500. This project would consolidate out-of-state operations into the Glasgow facility. The company anticipates retaining the existing 217 current fulltime jobs paying average hourly wages of $19.85, excluding benefits and creating an additional 155 new full-time jobs.
A motion was made by Michael Vogt and seconded by Aubrey Hayden to approve the negotiated maximum incentive amount of $6,697,500. The motion carried unanimously.
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