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
Starting a Business in Michigan
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Michigan Corporations and Michigan Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
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