Ford Plans $900 Million Investment At Chicago Assembly Plant, As Part of UAW Contract
Under the proposed four-year agreement, which has been approved by Ford and UAW leadership, the Chicago Assembly Plant will receive a $900 million investment to support production of the new Explorer and Police Interceptor, continued production of the Taurus, and a new product that will be announced at a later date, Chicago Mayor Rahm Emanuel’s Office said.
Production of the new vehicle would create approximately 200 jobs at the plant, in addition to the existing 4,400 employees. The plant employed 3,200 people in 2011. The agreement also includes employee incentives that would create a near-term infusion of more than $54 million into the Chicago area.
“Ford’s investment in Chicago under this agreement will create high-paying jobs and ensure the Torrence Avenue plant continues to grow for years to come,” Mayor Emanuel said. “Ford knows that Chicago’s workforce, transportation systems and quality of life are second to none, and this contract is a win for both Ford’s workers and the South Side of Chicago.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A