LANSING, Mich. — Sen. Michael D. MacDonald on Tuesday applauded the Michigan Strategic Fund (MSF) approval of incentives to help create 6,433 jobs in Michigan and generate $4.5 billion in private investment from Fiat Chrysler Automobiles (FCA), including an investment of over $1.9 billion in Macomb County.
“This incredible multi-billion-dollar investment by Fiat Chrysler will enhance our entire economy and provide exciting new opportunities for people throughout our state and region,” said MacDonald, R-Macomb Township. “This historic project features a nearly $2 billion investment into manufacturing facilities in Macomb County, which is tremendous news for everyone in the area and especially families in Sterling Heights and Warren.”
FCA plans to invest $1.5 billion at its Warren Truck Assembly Plant for production of the all-new Jeep Wagoneer and Grand Wagoneer, along with electrified offerings, creating 1,400 new jobs at that facility. The company will also invest more than $236 million at its Warren Stamping plant and $169.3 million at its Sterling Stamping Plant, a project that is expected to create 83 jobs.
To support these Macomb County expansions, MSF approved:
• A five-year Alternate State Essential Services Assessment exemption valued at $180,900 for the Sterling Heights plant;
• A 50-percent Good Jobs for Michigan withholding tax capture for up to five years valued at $6 million for the creation of 1,400 jobs at the Warren Truck plant;
• A 15-year SESA exemption valued at $21 million for Warren Truck; and
• A five-year SESA exemption valued at $692,928 for the Warren Stamping Plant.
The Macomb County projects are part of a $4.5 billion investment by FCA to convert its Mack Avenue Engine Complex into the future assembly site for the next-generation Jeep Grand Cherokee and an all-new three-row full-size Jeep SUV, along with plug-in hybrid (PHEV) models — creating 3,850 jobs in Detroit. FCA will also invest $900 million in its Jefferson North Assembly Plant in Detroit, to retool and modernize it for continued production of the Dodge Durango and next generation Jeep Grand Cherokee — creating an additional 1,100 jobs in the city.