11-15-04 Community & Economic Development

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manufacturing business. They reminded the Committee that after 9/11, planes stopped flying. The good news is that there has been some recovery,however their base business is down by 9%. They are now focusing on repair and overall. The overall airline industry has been brutal since 9/11. Delta is one of their biggest customers. They will look at investments noting the figures of $66.7 million vs. $51.8 million. Council Member Kelly thanked the representatives of Honeywell for their information. Eaton Corporation: Council Member Kelly then called for a presentation from EATON Corporation. Mr. Don Davis, Manager of the property tax division of Eaton Corporation with offices at 1111 then addressed the Committee. He provided a Superior Avenue, Cleveland, Ohio 44114-2584 the p one-page handout to the Committee (copy attached). He noted that on 12-31-99 they had 137 employees and met all of the local requirements. They often use temporary employees who work with full-time employees. The South Bend operation is a forge plant which makes gears a nd parts fo r th e transmission plant used i n heavy-duty trucks.s. 15/ of their business is outside other Eaton companies. anies.p In response to a question from Council Member Puzzello, Mr. Davis stated that by the end of 2000, the economy was already going south, noting that they had three (3) different lay-offs in 2000. The Eaton Corporation has made a lot of cuts and are attempting to diversify their overall operations. By the end of 2004 they should have 124 full-time employees and 10 temporary employees, noting that they do not hire part-time employees. They hire their temporary employees through temp agencies. Council Member Kelly thanked Mr. Davis for the additional information. Council Member Kelly noted that no formal action would be taken today, noting that it appeared that each of the companies were making good faith efforts to comply however each has been affected by the economy. He then adjourned the meeting at 5:04 p.m. Re llxitted, Council Member o and Kell ,Chairperson Community and Economic Development Committee KCF:kmf Attachments November 15,2004 Community and Economic Development Committee meeting of the 2005 South Bend Common Council -page 3-