Congressman Cohen Responds to Electrolux Plant Closing Announcement
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January 31, 2019
Says Swedish appliance maker failed to live up to its job-creation promise
WASHINGTON – Congressman Steve Cohen (TN-09) responded to the news today that the four-year-old Electrolux plant, lured to Memphis with an estimated $188 million in government incentives, will close in 2020 with the following statement:
"I'm very disappointed that the employees of Electrolux learned today that Memphis' economic development investment in one company's future apparently won't pay off. The company's abandonment of Memphis will mean potential financial hardship for its employees and suppliers, and should result in more careful review of promises made by corporations about local job creation in the future."