Summary: Honda's long-term contribution to Ohio is measurable, substantial and unambiguously beneficial.
This Study began by posing three questions. By any and all of the measures and findings that have been studied, calculated and presented, it can be concluded that over the first 25 years:
- Honda's economic impact in Ohio is significant and substantial through the scope and intensity of its operations, its strong Ohio supplier network and its record of long-term employment stability.
- The investment by the State of Ohio not only was sound, but a prudent use of taxpayer dollars, which continues to pay dividends year after year.
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- Clearly, Honda has made and continues to make a long-term contribution to Ohio and its communities.
In addition, Honda also appears to be positioned to provide significant positive economic benefits to Ohio over the foreseeable future. This is primarily due to two factors:
- Honda's Ohio Facilities are the Hub of North American Operations
- Honda has Adopted a Strategy of Production Flexibility that has Positioned It for Sustained Productivity
In relation to the first factor, Honda and its Ohio suppliers produce vehicles and parts that are exported throughout the North American region and across the world. As Honda continues to
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develop new products and new markets, the benefits in terms of manufacturing, engineering, research and development and logistics will continue to accrue in Ohio.
In relation to the second factor, Honda's emphasis on manufacturing flexibility allows the company to continually refresh manufacturing plants for new uses, increase efficiency of new model development, respond adroitly to changes in market demand for vehicles, and build virtually any combination of vehicles in a single factory, without regard to size or body style.
This flexibility will extend the useful life of factories far into the future, extending with it the positive economic impact on the surrounding area.
The first 25 years of Honda in Ohio have been unquestionably successful from both the company's and the
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state's perspectives. In addition, it also seems likely that this positive economic impact, for both Ohio and Honda, will be sustained over the next 25 years as well.
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