An incentive agreement benefiting the Goodyear Tire & Rubber Company’s Topeka plant has been approved by the Topeka and Shawnee County’s Joint Economic Development Organization (JEDO) board. This investment, previously referred to as “Project Boomerang,” is expected to result in an estimated economic impact locally of $480 million over the next decade. Goodyear is projected to make a five-year investment of $125 million and create up to 40 new full-time jobs. The performance-based JEDO incentive for this project is up to $585,000, resulting in a 713% return on investment for Topeka and Shawnee County.
Source: KSNT 27 News
