Angers Technicolor : the French state invests elsewhere

Is the industrial future of Angers already part of history? The entry of the French state in the capital of Technicolor, a former Angers flagship company which closed its doors for good last year, has infuriated Laurent Gérault, opposition member in the Angers town council, but the fact surely disappointed some Socialist members of the majority. 

"While the industrial project for the Angers site is desparately dormant, it's astonishing to learn that the French state, through the strategic investment fund it set in 2008, has taken part of the capital and of the vote rights of Technicolor. What a cynicism!", said Mr Gérault. After members of the government came last year in Angers to support the Technicolor 330 employees, finally laid off Angers Agglomération stay
ed alone to buy the site, the industrial equipement and started to work on its possible conversion which, until now, gave no result.

That case demonstrate one more time that in the industrial recovery, Angers has nothing to wait from the French state but can only rely on itself. That will only come through competitive tax level, so a slowing down of some beautiful but expensive projets Angers can't anymore buy.