Goodyear plant to receive financial aid

FAYETTEVILLE — The North Carolina city where Goodyear Tire & Rubber Co. operates a large plant has approved a $1 million payment to help retain jobs.

The Fayetteville Observer reported Tuesday that the Fayetteville City Council will provide the funding over the next 10 years to upgrade the plant, retain jobs and improve the quality of production. The plant employs 3,000 people.

The funding is part of a $37 million incentives package provided to the company by Cumberland County and the state. In return, the company must spend at least $200 million to modernize the
40-year-old plant.

The county has promised more than $7 million and the state has offered $30 million.

(Copyright 2009 by The Associated Press. All Rights Reserved.)