[CPEO-BIF] Former General Motors plant, New Castle County, Delaware

[Lenny Siegel <lsiegel@cpeo.org>]

Harvey Hanna development at Boxwood Road to create 2,100 jobs

by Alex Vuocolo  
Delaware Business Times
June 1, 2018

The planned redevelopment of the former General Motors plant at 801 Boxwood Road outside Wilmington will produce more than $281 million in annual impact and create 2,100 permanent jobs, according to a report by Econsult Solutions.

Newport-based developer Harvey Hanna & Associates, Inc., which commissioned the study, released the results on Thursday.

“Since purchasing the former GM plant in 2017, Harvey Hanna’s plans for the property have been focused on a singular mission to create thousands of lasting, 21st century jobs for the residents of Wilmington, New Castle County and greater Delaware,” said Thomas J. Hanna, president of Harvey Hanna & Associates. “This study affirms our belief that creating a modern distribution and business campus can help restore this property’s long history as a vital source of employment and a nucleus for the local economy.”

Construction would generate $6.8 million in taxes for the state, and another $7.6 million in annual revenue through personal and business taxes upon completion, according to the study. Red Clay School District and New Castle County will also benefit, with $2.4 million in new property taxes.

…

For the entire article, see
http://www.delawarebusinesstimes.com/harvey-hanna-development-at-boxwood-road-to-create-2100-jobs/

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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