Today, FCA US LLC announced it will create 700 new jobs at the Sterling Heights Assembly Plant when the Ram 1500 production begins.
On July 26th, FCA US previously announced a $1.48 billion investment at the Sterling Heights Assembly Plant (SHAP) to produce the next-generation Ram 1500 pickup truck beginning in 2018. This announcement marks nearly $3 billion FCA US has invested in Sterling Heights since 2011.
The Michigan Strategic Fund today approved a Business Development Grant forthe Auburn Hills-based automaker, which is part of the overall incentive packagein partnership with the City of Sterling Heights and Macomb County, to securethis investment. The FCA US reviewed other possible Midwest productionlocations.
From an all but certain closure in December 2010, SHAP has been transformedinto a world-class, state-of-the-art automotive manufacturing facility in five shortyears. This transformation is the product of FCA US willingness to invest over abillion in Sterling Heights, a business decision made easier due to thedetermination and financial commitments by Sterling Heights and its stakeholdersto keep SHAP open.
“The city is very excited to learn the $1.48 billion investment at SHAP will beaccompanied by 700 new jobs in the City,” said Mayor Michael C. Taylor. “Theeconomic impact from these new well paying jobs, not to mention thousands ofjobs preserved at both Sterling Stamping and SHAP, equates to millions of dollars in the local and regional economy. We are grateful for FCA’s long termcommitment to Sterling Heights.”
"It's incredible what's happened in the last few months, said Macomb CountyExecutive Mark A. Hackel. "FCA is committed to our community and ourworkforce."
Sterling Heights continues to see manufacturing and tech investment in itsindustrial corridor, aptly named the Sterling Innovation District. The industrialvacancy rate in Sterling Heights is currently under 1 percent. The City’s propertyvalues increased 15 percent in 2015 and 10 percent in 2016. The City expectsthis positive development momentum to continue for the at least the next fewyears.
Media with questions or those looking to schedule an interview can contactSterling Heights Community Relations Director Bridget Doyle at (586) 446-2471and email@example.com