Project Traits
State: Ohio
Congressional District: OH05
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Transportation,
Energy Subsector: EVs,
Project Start Year: 2022
Project Launch Year: 2026
Government Support Received: State Tax Credit [30-Year Tax Credit] for $70,000,000 State Grant [JobsOhio Grants] for $135,000,000
Outcomes & Impacts
Private Investment: $1,500,000,000
Jobs Announced or Created: 1,800
People Served: Unknown
Projected Economic Impact: Unknown
The Ford Motor Co. announced on Thursday plans to build an all-electric vehicle at the Ohio Assembly Plant in Lorain County. The move would create 1,800 new union jobs, doubling the workforce at the plant, and comes with a $1.5 billion investment. Bill Samples, president of UAW Local 2000, said the investment is huge for the workers and surrounding community. The plant currently employs about 1,700 people, including just over 100 salaried workers. Kumar Galhotra, president of Ford Blue, said Ohio offered $200 million in incentives for Ford to make the investment, though Gov. Mike DeWine declined to provide specifics.
Ford will receive $205 million in incentives to expand its Ohio Assembly Plant in Avon Lake, where it plans to make electric vehicles.
The automaker was approved for a 30-year tax credit worth $70 million Monday. JobsOhio, the state’s private economic development arm, is planning a $135 million in grants for Ford, according to spokesman Matt Englehart.
Source: https://www.cleveland.com/business/2022/09/ford-will-get-205-million-in-state-incentives-to-expand-ohio-assembly-plant-build-electric-vehicles-in-lorain-county.html
Ford Motor Company has announced that it will begin producing an all-electric commercial van at its Ohio Assembly Plant in Avon Lake, Lorain County, starting in 2026. This initiative is part of Ford’s broader shift towards electric vehicles (EVs) and represents a significant investment in the region’s automotive industry.
Secondary source: https://vermiliondaily.com/fords-1-5-billion-electric-van-plan-1800-new-jobs-coming-to-lorain-county/