Posted by Staff Writer on 3/2/2019 to Business Opportunities
IncSmart Michigan (Small Business and Startups) - Fiat Chrysler to build plant in Michigan. They will spend $4.5 billion dollars in and around Detroit. They will also be opening a boarded up engine plant as part of the investment. It has been over 30 years since Chrysler has build a plant in Michigan. Production at the new plant should start by the end of 2020. President Trump is praising Chrysler for investing in Michigan. The new USMCA (the old NAFTA) is already benefiting the city of Detroit.
Fiat Chrysler will increase it's work force by 6500 employees, and the average wage is $56K a year. This will bring a huge investment in Detroit's economy. Today, Detroit has less than 700,000 residents. Detroit is the largest city to declare bankruptcy almost 6 years ago. Detroit's unemployment reached a high of 29% under the Obama administration.
By IncSmart Staff Writer
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