Another technology manufacturing company is deciding to make its mark in Arizona.
LG Energy Solution will be investing $5.5 billion to start battery plants in Queen Creek, a town on the southeast outskirts of the Phoenix Metropolitan area.
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The Ohio Tax Credit Authority officially approved Monday tax credits for a new electric vehicle battery plant in southwest Ohio, even as critics call the deal crony capitalism and believe the money could be better spent.
The incentives were part of three economic development deals given the green light by OTC for projects the state says will create more than 3,000 new jobs and retain more than 8,000 others.
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Losses in the mobile phone business have driven the South Korean electronics company LG to quit the production of phones and instead focus more on profitable items including electric vehicle components, robotics and artificial intelligence.
Following approval from the company’s board, LG on Monday announced the changes and expects to fully exit the phone industry by July.
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Part of the American success formula is a reliance on fair play: Everyone must follow the same rules. This extends to the American-led effort for free and fair trade around the world, which has led to lowering of prices and better competition for consumers. But free trade isn’t a free for all, and never has been.…
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