Home > economics > Moraine, Ohio faces bleak Christmas…

Moraine, Ohio faces bleak Christmas…

More on the closing of the General Motors plant in Morain Ohio.

From Bloomberg:

Median household annual income for Moraine was $34,341, 82 percent of the national level, according to 2000 U.S. Census Bureau statistics on the agency’s Web site. The municipal budget will suffer when the factory shuts down, said Mayor Leonard Johnson, 54, who worked at the plant for 30 years before retiring in 2002. City officials have not calculated the loss, he said.

The GM plant employs twice the number of workers as Moraine’s next two biggest companies, said Michael Davis, the city’s director of economic development. A GM-owned diesel- engine plant and a unit of closely held Englewood, Colorado- based Local Insight Media LP that produces telephone directories have 600 to 700 workers apiece.

“I don’t know what we’re going to do,” Davis said of the impact on Moraine. “We’ll take a huge financial hit, have to change the way we operate. We’ll have to downsize, but I don’t know how we’re going to handle such a drastic loss of income.”

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