How about a very big Korean auto factory in Georgia? I would be interested to hear what you had to say about the tax incentives cited in the article.
Sunday, October 22, 2006
Another step in Globalization
How about a very big Korean auto factory in Georgia? I would be interested to hear what you had to say about the tax incentives cited in the article.
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5 comments:
This is a perfect example of globalization at best. This is because it shows the off-shoring of factories to the US which creates jobs in America. This is contrary to the popular belief that globalization will result in the off-shoring/ outsourcing of jobs from America to foreign countries. By off-shoring some of its manufacturing to America KIA will benefit from having easier access to American markets.
I found this article pretty interesting, esp. when they threw in the part about the tax incentives at the end. No wonder Georgia wants to be the home of a Kia factory! I also thought it was esp. noteworthy than fewer than 20 Korean managers will work at the plant. But in the end, it seems like a very good thing for Georgians in search of work, considering it will provide nearly 2,900 new jobs.
It seems that the South is becoming the new Detroit, but internationally. I remember driving from New Orleans to Atlanta a couple summers ago (for reasons I won't go into) and seeing a huge new BMW plant on the side of the interstate and asking myself "Why Alabama?" I think the South wants to become more industrial, and foreign car companies want to have plants in America so it's a perfect match. This factory will be great for the Bible Belt because it produces so many jobs and pays what seemed to me a surprisingly high salary for a factory worker. It is not often that a foreign country wants to put a factory in America; it is usually the other way around. The wonderful state of Georgia (home of the peach and Madame Cole) took advantage of this oppurtunity and their large tax incentives show how much they want it.
After having long discussions about how Wal-Mart is shipping all production to other countries its really nice to see Korea housing a factory in the united states. Kia is expanding its market globally and giving many Americans a chance to find work in their factory. YAY for job creation. and all the labor that will go into the construction and development before the factory is actually in operation. With out a full understanding of great incentives, those numbers don’t look to bad to me! Nice going Georgia.
The opening of the Kia factory in Georgia will be very helpful; not only will it create almost 3,000 new jobs, it will also pay its workers a salary of $50,000, which seems high for factory workers. It was surprising that fewer than 20 Korean managers would be working at the plant - this makes it possible for more formerly out-of-work Americans to have jobs that pay relatively well.
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