FCA US Confirms Investment in Toledo
The City of Toledo is pleased that FCA US confirmed today that it will invest $700 million to retool the North Plant of its Toledo Assembly Complex for production of the next generation Jeep Wrangler. Current employment at the Plant is more than 5,100. With the investment, the Company will also add nearly 700 new jobs. An announcement regarding production plans for the South plant will be made at a later date.
“We appreciate FCA US’s investment in our community and Toledo Assembly’s contribution to our local economy,” said Mayor Paula Hicks-Hudson. “We look forward to working with FCA US on this new project.”
The City of Toledo proposes assisting FCA US by providing the following:
- The City of Toledo invested $5 million to prepare land near the Toledo Assembly Plant for cost effective expansion of FCA US operations or advantageous location of FCA US suppliers. The City will look at flexible pricing depending on the jobs and income that would be created on the site.
- The City will provide roadway funds up to $825,000 as a 25% match to State of Ohio road funds. Approximately $375,000 of these dollars may be used to replace and reconstruct portions of Chrysler Drive and the City-owned portion of Expressway Drive. The balance will be available for necessary signalization costs on Stickney and road improvements west of Stickney across from the Toledo Assembly Complex.
- The City of Toledo will provide staff to assist FCA with any required permits or approvals related to new investment at the Plant, expediting when possible.
- The City will provide engineering and planning support as necessary pertaining to public water, sewer lines or taps or legally required site plan approvals related to construction.
Posted by Stacy Weber on Friday, July 15, 2016.