Kokomo, Indiana: A Stimulus Success Story
Kokomo, IN was saved by the stimulus. Home to four Chrysler plants and a Delphi facility, unemployment has gone from roughly 20% to 14%.
…in Kokomo, the Recovery Act and Obama’s auto bailout have jolted Kokomo back to life — keeping big industry from fleeing and attracting newcomers as well.
“We wouldn’t be standing here,” said Brian Harlow, a 32-year Chrysler veteran who grew up in Kokomo and now is based at the company’s headquarters outside Detroit. “It would have been a ghost town.”
Chrysler, which had idled 3,500 hourly workers in Kokomo a year and a half ago, recently announced $350 million in new investments that will make the city the hub of North American manufacturing for its next-generation transmissions. All those people have been put back to work, and 700 others have been hired.
Auto parts manufacturer Delphi will use an $89 million stimulus grant to retain 100 manufacturing jobs and make 100 additional hires at a facility building parts for hybrid vehicles.
And a Colorado solar company plans to use $300 million in stimulus funds to hire as many as 900 workers at an old Daimler auto plant south of town that will make products to export to Europe.Click here for reuse options!
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