The Herald Banner, Greenville, TX

February 9, 2012

Tax credits talk




To the editor:

Newell Rubbermaid Inc. will relocate production jobs from a plant in Texas to an Ohio facility, where the company said it will invest more than $25 million and create about 140 full-time jobs, the Akron Beacon Journal reported Monday.

Ohio granted the Atlanta-based company $3 million in tax credits this week in exchange for retaining existing jobs at its Mogadore, Ohio, plant, which must remain in that location for at least 18 years to keep the tax credit.

The 700-employee Mogadore injection molding facility produces food storage containers and other products. Newell Rubbermaid (NYSE:NWL) is closing a 490-employee plant in Texas and moving those operations to Mogadore and Kansas.

Al Stanton

Greenville