AKRON (April 18, 2011)—Goodyear Tire & Rubber Co. officially has broken ground on its new global headquarters complex in Akron.
Goodyear chairman, president and CEO Richard J. Kramer, Ohio Gov. John Kasich, Akron Mayor Don Plusquellic and Summit County Executive Russ Pry made brief remarks, then were joined by a number of federal, state and local officials with shovels in hand to help start construction at the worksite.
The groundbreaking took place near the company's Innovation Center.
The project is scheduled to be completed in early 2013. At that time, Goodyear will relocate about 2,000 employees into the building, which will serve as headquarters for the company's global operations and North American tire business.
The new building will connect with Goodyear's existing Innovation Center and serve as a central campus for the company in Akron. The Innovation Center currently is home to more than 800 employees.
As part of the agreement, Goodyear will lease the office space through 2038 and have potential options through 2093.
The project was announced a few years ago, but was delayed by the credit crisis.