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For The Record

July 02, 2009

Factory closures: An article in Business on June 23 about a Milken Institute report blaming California's regulations and high taxes for pushing businesses elsewhere said Gregg Industries closed its El Monte foundry under pressure from the South Coast Air Quality Management District to make $5 million in upgrades. The AQMD, which had not been contacted for the story, disputes the assertion, noting that in regulatory filings, Gregg's parent company cited the "overall weak economy and the particularly difficult economic issues facing the foundry industry and manufacturing" for its decision.

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