Buckeye Steel Receives Initial Approval for Financial Assistance from State, City.To avoid further layoffs, Buckeye Steel Castings Buckeye Steel Castings was a Columbus, Ohio steelmaker best known today for its longtime president, Samuel P. Bush, who was the grandfather of President George H.W. Bush and great-grandfather of President George W. Bush. Co., Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , could receive more than $3 million in city and state assistance by creating new jobs and upgrading its equipment. The company plans to modernize its foundry in an effort to increase productivity and efficiency of its current processes, said Larry Jones Larry Jones is also the real name of Atlanta Braves player Chipper Jones. Walter "Larry" Jones (born September 22, 1942 in Columbus, Ohio) is a retired American basketball player. He played professionally in the NBA and ABA, from 1964 to 1974. , director of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. at Buckeye buckeye: see horse chestnut. buckeye Any of about 13 trees and shrubs of the genus Aesculus (family Hippocastanaceae), native to North America, southeastern Europe, and eastern Asia. . Besides a proposed property tax abatement from the city, promises by the state include a $2 million loan at 1% interest; a $100,000 business development grant; a $250,000 training program grant; and a credit of 65% of the income taxes generated by the new hires. This financial help would need to be final approved when the necessary criteria are met, Jones said. For example, the jobs-creation tax credit could not be approved until the 200 workers, who were laid off in August, were called back. Also, new jobs have to be added, which Buckeye expects to do after the modernization is complete by 2003. Buckeye primarily manufactures castings for railroad freight cars. |
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