Republic Steel and Gov. Kasich Announce 449 New Jobs Coming to Lorain
Ohio Governor John Kasich was on hand today at Republic Steel in Lorain as the company announced the installation of a new electric arc furnace that is anticipated to bring 449 new jobs and $1 million in economic activity to the area.
According to Republic Steel, the nation’s leader in the manufacturing of bar quality steel, the furnace comes at a cost of $85.2 million.
Fox 8 News’ Jack Shea reports that all 489 of the company’s current jobs at the Lorain plant will be retained.
Shea reports that a tax incentive deal between the State of Ohio and Republic Steel helped aid in the furnace’s planned installation.