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EDITORIAL
Lessons in business
Nothing is simple in the business world. Consider whats going on
at Vernay Laboratories. Since the company announced last year that it
would close its two Dayton Street plants, Vernay has changed its closure
timetable numerous times. In a story in this weeks News, the companys
president and CEO, Tom Allen, now says the schedule has been moved up
and Vernays largest plant will close by June or July. He also said
that the companys headquarters might eventually move out of town
to accommodate an increase in workers who will be relocating to its East
South College Street facility.
The point is not to criticize Vernay, but to use this situation as an
example of how murky the shifting interests of business can be; about
how difficult it is for a community to rely on a limited number of companies
to provide a substantial amount of jobs and tax dollars; and that it will
not be easy to replace a company like Vernay once the plant doors are
finally shut.
It also shows that it is more likely that local companies, not out-of-town
businesses, will occupy the commerce park. Considering the difficulty
Vernay has had moving its operations to other plants in the South, it
seems prudent for the community to concentrate on getting existing businesses
to stay here and grow in the park. Perhaps, for instance, Vernay can be
persuaded to relocate its corporate offices in the park.
Before Village Council agreed last week to partner with Community Resources,
efforts related to the commerce park had been sputtering. The agreement,
which will charge Community Resources with securing land and finding a
developer to build and fill the park, is welcomed since it now gives concrete
direction for the commerce park concept. The next steps are now better
formulated. It should also keep the initiatives momentum rolling.
Robert Mihalek
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