VIDEO: Arizona mayor defies governor who wants to yank funding from Nike

DML News

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:

Nike may still receive some perks to locate a manufacturing facility in Arizona after all.

Georgia Lord, the mayor of Goodyear, said Tuesday the city will honor its financial commitments to Nike despite a controversy over its decision to recall sneakers decorated with a 13-star flag that some find offensive.

The article goes on to state the following:

Goodyear’s decision comes even as the state’s governor wants to yank money it was offering the company to locate a manufacturing plant in the town, which is west of Phoenix. The facility is expected to bring 500 jobs to the area.

As part of efforts to entice out-of-state companies, both the Goodyear City Council and the state’s commerce authority promised the shoe company separate financial perks. The commerce authority had promised roughly $1 million in incentives, while the The Goodyear City Council agreed to waive up to nearly $1 million in review and permit fees and reimburse up to $1 million for the jobs it will create, Arizona Republic has reported.

WATCH the mayor’s announcement in the video below:

To get more information about this article, please visit CNBC. To weigh in, leave a comment below.

The post VIDEO: Arizona mayor defies governor who wants to yank funding from Nike appeared first on DML News.

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