Chrysler Investing More Than $600M in Illinois Belvidere Assembly Plant
Chrysler will build a 638,000-square-foot body shop and install new machinery, tooling, and material handling equipment. Facility advancements will allow Chrysler to produce its next generation of vehicles. It currently manufactures to Dodge Caliber, Jeep Compass, and Jeep Patriot at the facility. The company expects to complete the project next year.
Chrysler's site is located in an Enterprise Zone, which will also afford the company benefits. The new EDGE tax credits allow auto companies to retain employee income tax withholdings and reinvest those funds into job-creating projects.
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