New Plant

" One of the big issues was found last and the election of the economy and jobs and on the job hunt today in fact finding one city whose. Skilled labor force and business environment attracting a big for an investor. Welcome news in Syracuse, New York were -- the Bureau of Labor Statistics. 45300. People were working in manufacturing back in 1999. -- ten years later that is fallen 29300. People. A loss of 16000. Jobs in a decade in one town. David Lee -- on the ground that live in Syracuse new York daily good morning to you. -- Syracuse is faring in this difficult economy."

" Well interestingly after those very dire statistics you just gave. Syracuse is actually -- pretty well the unemployment rate here is about eight point 1% according to the most recent stats. And that's better than the national average. And the average for New York State. Right now I'm speaking to you from what was once a General Motors Fisher body plant. It is an enormous building it was over one million square feet it has now been divided up seventeen different tenants -- this building. One of which is a company called its its goal that we are in their facility right now this bill this is the -- part of the story is a German based company. And here you can see them actually making the air conditioning compressor units that they make here. The employment here started out about a year and a half ago about three dozen people things are going. Better than expected and it is hope that there will be as many as 200 people that will be employed here in the next. Couple of years joining us right now is the plant manager Mike McCain might got. Why Syracuse, New York this is -- it -- a German based company Syracuse not known for its tropical weather wonderful beaches why was this look location selected."

" Well first and foremost with the availability of design engineering talent -- specifically with compression technology. Secondly the manufacturing base is is -- very strong here Syracuse in those resources are also available. -- had a huge pool of potential employees he also got money from the state. Yes we do have a grant from the empire state development that we anticipate receiving the first installment early next year. With the cost structure and New York State certainly their challenges for us to remain -- become competitive those incentives are critical for future."

" Thank you very much Mike -- foreign investment a very important part of employment in the United States they'll. Five point three million workers in the US are employed because of foreign investment here and throughout the day look more information on that. And none other employment efforts under way for now there are backing -- did thank you did."

" The -- get up to Syracuse now hear a lot -- jobs leaving this country good to see foreign investment coming this way. To employ Americans thank you didn't leave much it was coming up."