Tuesday, November 18, 2003
Company May Transfer Product Line, Retain
Governor Jennifer M. Granholm announced today that assistance from the Michigan Economic Development Corporation (MEDC) has been offered to help convince Ford Motor Company to choose the Ford Wayne Assembly facilities as the location for a major product investment.
Assuming final approval of the project and other tax incentives, it is estimated that Ford would invest $583 million to upgrade the production facilities at Wayne to accommodate the transfer of a product line from a foreign plant. Including employees at suppliers and other businesses, 11,426 jobs could ultimately be retained if Michigan is chosen for the expansion.
“Michigan is in a tight global competition for manufacturing jobs,” Granholm said. “Ford’s continued commitment to our state is important to retaining and creating these jobs for future generations. The incentives approved today help level the playing field with foreign competitors and bring us a step closer to ensuring that Michigan wins this project.”
The Ford Wayne site currently employs 7,029 at two assembly plants, which together produce the Focus, Expedition and Navigator models. The new project would update Focus production facilities at the Wayne site.
The company has considered other international sites for this investment. It is hoped that a Single Business Tax credit offered by the MEDC worth $48.8 million over the next 20 years will help convince Ford to choose Michigan for the expansion.
“We have worked in partnership with the city of Wayne and Ford to preserve these quality jobs for Michigan families,” said Don Jakeway, MEDC president and CEO. “We are hopeful that the assistance offered today will tip the scales in our favor.”
The city of Wayne is also reviewing a tax abatement request valued at more than $41.5 million for 12 years to help facilitate the project.
Ford Motor Company is the world’s second largest producer of cars and trucks. Ford sells vehicles in more than 200 countries and territories around the world and has manufacturing facilities in six continents.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.