Gallery: President Obama Allocates $800 Million to Repurpose Old GM Fac...

 

We’ve had so many factories shut down in the US over the past few decades that we just didn’t know what to do with them. Well, now someone does. President Obama was in Youngstown, Ohio yesterday at the V&M Star — a tubular production facility — to announce his plan to fund the repurposing of abandoned GM factories into new and useful buildings. The fund will be $800 million dollars strong and it will go towards cleaning up environmental hazards in abandoned factories. The communities will be able to choose what the factories should become — whether it be office buildings, community or green space or just new factories!

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2 Comments

  1. Obama Focuses on Green ... September 7, 2010 at 12:51 pm

    […] not only provide jobs in the short term, but will supply jobs far into the future. He alluded to investments earlier in the year in the auto industry and their push to make more efficient vehicles on American soil, and to the […]

  2. dr.h May 21, 2010 at 12:27 pm

    Where is this money coming from specifically? Why is GM not responsible for cleaning up the old factories and their environmental hazards. To me this sounds like a big company dropping the ball and the president saying “it’s ok, the taxpayers will clean it up.” Sounds like lameness disguised as hype.

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