Canadian auto parts supplier Magna International is no longer considering northwest Alabama for a plant that could've brought some 1,000 jobs the area, officials said.
The company is looking for an existing facility and did not want to build a new factory, which would have been required at the proposed site in Guin, local officials said.
For Magna's subsidiary, Magna Steyr, more than 20 cities and counties in the vicinity of Guin in northwest Alabama put together a $15 million incentives package in hopes of luring the plant's 1,000 jobs, Guin Mayor Phil Segraves said Monday.
"We came together, and a company official shared with me that we would not be talking if we had not put this partnership together," the mayor said.
Alabama's chief industrial recruiter, Alabama Development Office Director Neal Wade, visited the area Monday said the region's cooperation on the auto supplier project was a model for the rest of the state.
"My message to them is to keep the coalition alive and let's find another project. A regional group is so much stronger than a small town or community," he said.
Wade and Segraves said they have high hopes for development along future Interstate 22, which will connect Birmingham and Memphis, Tenn.
Terms & Conditions
RSS Headlines
Fool UK