Word on the Street
$3 Billion Economic Impact Attributed to Carbon Motors™
GeorgiaTech Forecasts a Significant Economic Impact Including 10,000 New Jobs
ATLANTA, Georgia, December 12, 2006 – Today, with the support of the State of Georgia, the Enterprise Innovation Institute of the Georgia Institute of Technology (GeorgiaTech), completed a preliminary economic impact forecast as attributed to Carbon Motors.
It is forecasted that Carbon Motors may have over a $3 billion economic impact on the region and create over 10,000 new direct and indirect jobs over the next ten years. By locating its headquarters, research & development center, production facility, showrooms, and vehicle evaluation track in Metro Atlanta, as a new American automaker, it will have a significant and positive impact on the region.
William Santana Li, Chairman and CEO, Carbon Motors, remarked, “We are pleased that the authorities have a clear understanding of the impact that Carbon Motors will bring to the State of Georgia and specifically to the Metro Atlanta region. We look forward to continuing to work closely with the State of Georgia, GeorgiaTech as well as all the associated federal, state, and local authorities. Our positive private/public partnership will not only provide a win economically for all involved but provide our law enforcement First Responders the critical equipment they require and deserve.”
About Carbon Motors Corporation
Carbon Motors Corporation is a new American automaker with an innovative business model. Carbon is developing and will manufacture, distribute, and service an all-new purpose-built law enforcement patrol vehicle. The Carbon mission includes developing a new lower-volume capable vehicle platform, establishing a direct and efficient end-to-end supply chain, and continuing to foster public and private sector collaboration.
About Georgia Institute of Technology
The Georgia Tech Enterprise Innovation Institute helps enterprises improve their competitiveness through the application of science, technology and innovation. With integrated service offerings focused on specific customer sets, the Enterprise Innovation Institute helps companies achieve and maintain a competitive edge, fosters development of successful startup firms, and assists communities and economic developers in adopting innovative practices. For more information, visit www.innovate.gatech.edu
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