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Fiat Chrysler Awarded Grant
The
Michigan Strategic Fund on Tuesday awarded Fiat Chrysler a Michigan Business
Development Program grant in the amount of $4.5 million to begin production on
the next-generation Ram 1500 truck.
Back in
July, Fiat Chrysler announced the company’s plan to invest $1.48 billion to
retool and reconfigure the Sterling Heights Assembly Plant. The company was
awarded an exemption from the State Essential Services Assessment, and this
investment retained roughly 1,300 employees at the plant. With the additional
grant, Fiat Chrysler in exchange will create 700 new jobs.
The
Michigan Business Development Program grant received will be cash based and
completed by 2018.
posted by PAA Online
,
Friday, September 30, 2016
9:38 AM
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