Wisconsin Unlikely To Recoup Money Given To GM
State Awarded $10 Million In Grants
Posted: 11:34 am CDT July 16,2008Updated: 6:46 pm CDT July 16,2008
Related
SURVEY: Is GM Making The Right Move?SURVEY: Who Do You Blame?
TALKBACK: What Do You Think?
READ: Doyle: Janesville Plant Closing Is Like Death In FamilyREAD: State Officials Reviewing $10M Given To GMREAD: Janesville Looks Ahead to Retraining GM Workers for New JobsREAD: Residents Uncertain About Future After GM Plant's ClosureREAD: GM Plant Closing Difficult For Workers, Families
VIDEO: Auto Expert Dissects GM's Decision
General Motors Plant
SURVEY: Is GM Making The Right Move?SURVEY: Who Do You Blame?TALKBACK: What Do You Think?READ: Doyle: Janesville Plant Closing Is Like Death In FamilyREAD: State Officials Reviewing $10M Given To GMREAD: Janesville Looks Ahead to Retraining GM Workers for New JobsREAD: Residents Uncertain About Future After GM Plant's ClosureREAD: GM Plant Closing Difficult For Workers, FamiliesVIDEO: Auto Expert Dissects GM's DecisionMADISON, Wis. -- It doesn't appear likely that Wisconsin will recoup most of the $10 million awarded to General Motors for worker training and other improvements at its Janesville plant.State officials are still reviewing what can be done to get some of the money back, but all but about $700,000 has been handed out.Contracts for $2 million in grants provided to The Associated Press under the open records law do not include any penalties for the plant closing.The car company announced in June that it will close the plant by 2010.It announced Tuesday that the closure will come sooner, but did not give a date. That news came as GM officials in Detroit said they will slash jobs, cut production, sell assets and suspend a dividend for the first time in 86 years as the company tries to ride out a collapse of its core U.S. market.In Janesville, the state provided $10 million in four separate grants since 2004 to help GM with a $175 million plant overhaul and worker training.The largest grants, for worker training, came from the state Department of Commerce. Officials there said they are still seeing what can be done. Even if money can be recouped, it might take months or years.
Previous Stories:
- July 16, 2008: GM To Speed Up Closure Of Janesville Plant
- June 24, 2008: GM Officials To Stop Production In Janesville For Weeks
- June 20, 2008: GM Plant To Lay Off Additional 96 Workers By September
- June 5, 2008: Janesville Leaders Plot Rebound After GM Plant Closes
- June 5, 2008: GM Plant Closing Difficult For Workers, Families
- June 4, 2008: Janesville Looks Ahead To Retraining GM Workers For New Jobs
- June 4, 2008: GM To Close Janesville Assembly Plant By 2010
- June 3, 2008: Doyle: Janesville Plant Closing Is Like Death In Family
- June 3, 2008: Residents Uncertain About Future After GM Plant's Closure
- June 3, 2008: State Officials Reviewing $10M Given To GM
- June 3, 2008: Residents Fear Ripple Effect If GM Plant Closes
- May 23, 2008: GM Says Parts Supplier Strike Costs $1.8 Billion
Copyright 2008 by Channel 3000. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
