Fiat Chrysler gets green light to build $1.6 billion Detroit auto plant...

[phill4paul]

MAGA!

DETROIT — Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another.

Land deals and community benefits agreements tied to the project were approved Tuesday by the Detroit City Council, shortly before Michigan’s economic development board approved a $223 million incentive package in exchange for the automaker creating 6,400 jobs, including nearly 5,000 in the city.

A Fiat Chrysler executive said construction will begin immediately, with vehicles expected to roll off the assembly line by late 2020. The automaker also will retool and upgrade its Jefferson North Assembly Plant, which will be adjacent to the new facility.

“One of the largest auto production centers in America ... is going to be on the east side of Detroit,” said Mayor Mike Duggan. “It’s going to be transformative.”

For the city, it means jobs. Detroit’s unemployment rate of about 8% is more than double the national average of 3.6%. For the state, it’s an affirmation that Michigan “remains the automotive capital of the world” and that its United Automobile Workers “build the best cars, trucks and SUVs on the planet,” Democratic Gov. Gretchen Whitmer said at a celebratory news conference in Lansing.

https://www.marketwatch.com/story/f...3dmgrOrQmbKa7T3gaDkZ6fgLbvTlJa3ut6XV7B_2ehaDk

 

[oyarde]

They certainly need the good news and jobs .

 

[Anti Federalist]

Good!

 

[Schifference]

Does that translate to jobs for the people living in that hellhole or does it mean jobs for people that relocate and gentrify a suburb or two?

Detroit is one of 22 cities that imposes a municipal income tax on earnings. Detroit's 2.4 percent tax rate for residents and 1.2 percent tax on the earnings of non-residents is the highest in the state.

Detroit Has The Second Highest Residential Property Taxes In The Nation, Says Study


Example of liberal utopia. Cali, Washington, Oregon and others, your day is coming.

 

[shakey1]

This can only be good, me thinks.

 

[donnay]

Excellent news.