Ontario will more than quadruple its promised support to help keep Ford’s Windsor engine plant working, according to a report in the Toronto Sun. Finance Minister Dwight Duncan and Economic Development Minister Sandra Pupatello – both Windsor-area MPPs—made the $81 million funding announcement in Windsor Friday.
“This investment reaffirms our government’s commitment to strengthening our local economy and will get Windsor families back to work,” Duncan said in a statement.
Ontario had pledged $17 million to the plant in March 2008 but said Friday’s money will build on that support. The money — along with up to $736.4 million being invested by Ford itself—will help keep or create 757 jobs at the plant, the government said.
“To be truly competitive at a world-class level we have to work together—we have to build partnerships between business, labor and government,” Jim Tetrault, Ford’s vice-president of North American manufacturing, said. “And it’s that spirit of collaboration combined with a willingness to innovate that has breathed new life into the operations at the Essex Engine Plant.”
Ford was the only one of North America’s Big 3 automakers that did not need government money to keep it from going out of business in 2008. Its Project Renaissance refurbishment will retool the engine plant so it can produce 5.0-litre V-8 engines for use in the Ford Mustang.
You might like:
- 1,000th Michigan Business Lands Energy Incentives
- California, Illinois, Texas Lead The Charge Toward A Modernized Power Grid
- AvePoint Expanding In Richmond And Arlington County, Virginia
- Super Bowl 50 To Generate Over $220M For San Francisco Bay Area
- Grid Stars
- Valmiera Glass To Invest $90M In Georgia
- Indiana Electrical Grid Management Firm Adding 80+ Jobs
- Sustainable Corrugated Investing $15M In Georgia
- Rapid Growth Leads 2U To New Maryland HQ
- Olympus Will Build National Service Center in Bartlett, TN
- Illinois Is Top State For LEED Green Building
- Icy Hot
- Walking the Walk
- Business Facilities LiveXchange Announces 2016 Keynote Panel
- Daimler Trucks To Invest $22.7M In SC Freightliner Facilities