ARDMORE, OK - We have now learned that a key piece of legislation which directly affects Ardmore is one step closer to becoming the law of the land in Oklahoma. And if this bill seems familiar, that's because it has happened before. Robin Beal explains.
"Unless you modernize your facility, you're not going to be competitive and you'll be in a death spiral."
And being competitive is what this house bill is all about. It's designed to give big tire companies like Michelin and Goodyear, big incentives to expand and invest in their own facility by using money from bonds.
The same thing happened in 2002 and that was supposed to be the end of it. So why is it back again?
"This bill that Representative Shannon has authored will allow you to make that election one more time; that you can do another major investment and receive the incentive."
Civic leaders say that it is just good business. And while Michelin here in Ardmore has not announced any plans to expand like they did six years ago, this bill is designed to encourage them to do just that.
Long time employees like Bob Libby, now retired, say its good news. "Most of us were thrilled because it means this plant got a longer life here and it means that Michelin and the state are showing that they've got confidence in the Ardmore economy."
The Chamber of Commerce agrees. "This is an investment in the future to guarantee and insure the future of our Michelin plant."
The bill goes to the full House of Representatives for a vote next.