Ohio requires GM to repay $28 million, invest $12M in Lordstown

Ohio requires GM to repay $28 million, invest $12M in Lordstown

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General Motors must repay $28 million in tax credits and invest $12 million in the Lordstown, Ohio, community where it closed an assembly plant last year after receiving state incentives to stay. The Ohio Tax Credit Authority on Monday approved a recommendation by the Ohio Development Services Agency to terminate its Job Creation and Retention Tax Credit agreements with General Motors following the company’s decision to close its Lordstown plant in 2019 at a cost of 1,500 jobs. "GM has been a…

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