Georgia says lures new DaimlerChrysler facility

MIAMI, Oct 17, 2002 Reuters reported that Georgia officials on Thursday said automaker DaimlerChrysler agreed to build a $750 million manufacturing facility in the state under a plan that should bring at least 3,000 jobs to the area.

Under the agreement, the world's fifth-largest automaker will build the Pooler, Georgia, facility in two phases, making a first investment of $450 million and a second of $300 million.

Construction is expected to begin in July 2003, barring "any unforeseen changes in the economy," state officials said. The first production units should be completed by July 2005.

DaimlerChrysler will use the site near Savannah to produce the Sprinter Van and the Vito Van. It will be the largest industrial plant ever to locate in the state, according to Gov. Roy Barnes.

Georgia lured DaimlerChrysler with a $320 million incentives package, including local contributions. The state's commitment totaled about $220 million, officials said.

The announcement comes as Georgia struggles with declining revenue and job losses amid nationwide economic weakness. The entire U.S. Southeast has been particularly pressured by a drop in manufacturing employment in the region.

The auto plant is expected to directly create 3,300 jobs, including 2,275 production workers and 1,025 salaried workers. The state said up to 700 new jobs are anticipated as parts suppliers locate near the assembly facility.