Spreading the wealth
Spreading the wealth
The Regional Chamber estimates that $51.6 million of the $75.9 million annual direct and indirect payroll created by GM’s third shift will be spent locally. Here’s how much some industries could gain annually:
Housing: $11.4 million
Utilities: $4.3 million
Health care: $3.6 million
Vehicle purchases: $3.5 million
Food: $3.5 million
Entertainment: $2.8 million
Restaurants: $2.4 million
Impact
The Regional Chamber estimates the impact of a third shift at Lordstown:
Direct jobs: 1,400
Pay rate: $15.50 an hour
Payroll: $45.1 million
Indirect jobs: 980 created in the community
Indirect payroll: $30.8 million
Total impact: $75.9 million