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Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. The Port of Baltimore has had a 50-foot deep channel since 1990. It took a federal bailout and the acquisition of Chrysler by Italy’s Fiat to keep the third-largest U.S.
Companies must be less than 5-years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150 percent of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds. Employees must be Arkansas taxpayers.
We chose three winners for our Achievement in Logistics award: the Port of Baltimore and the Port of Virginia , both of which are being honored for their readiness in preparing for the opening later this year of the expanded Panama Canal; and the CenterPoint Intermodal Center in Illinois, North America’s largest inland port.
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