Goodyear HQs groundbreaking is Monday in Akron

April 15, 2011 at 10:41a.m.

AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. says it’s ready to move ahead with a long-delayed project to build a new headquarters in its Ohio hometown.

The tire maker announced today it will have a groundbreaking ceremony Monday for the scaled-back $161 million development.

The project was announced four years ago but was delayed by financing issues amid the recession.

Under a local government financial aid deal announced earlier this year, Goodyear agreed to stay in Akron for 25 years and keep 2,900 jobs in the city.