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GM’s $12M investment in Valley announced

General Motors and the state have an agreement on how the automaker will invest $12 million into the Mahoning Valley, required as part of settlement with GM for breaking job creation and retention tax credit agreements it received in 2008 to retool its former Lordstown assembly plant.

GM has committed $5 million to Youngstown State University for workforce development in partnership with Eastern Gateway Community College, and funding for the YSU Energy Storage Innovation and Training Center.

The Village of Lordstown will receive $3 million for the design and construction of a new water tower. Eastgate Regional Council of Governments will receive $2.5 million for local infrastructure improvements, and the Mahoning Valley Manufacturers Coalition will receive $1.5 million to support community workforce development.

Read more in Thursday’s print edition or online at www.vindy.com.

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