Mayor Excited About New Ford Investment in Louisville
Tuesday October 4, 2011
$600 million additional investment; 1,000 new jobs
Mayor Greg Fischer says it’s a great day for Louisville and the surrounding region with word that Ford will invest an additional $600 million at its Louisville plants and add a new shift at the Louisville Assembly Plant on Fern Valley Road.
The new shift, according to Ford, will create at least 1,000 new jobs – on top of the 1,800 new jobs that the automaker announced several months ago.
“This is a major infusion of new investment in our city and it brings Ford recent investments to about $1.2 billion over the next several years, Fischer said.”
Fischer said suppliers across the city and the state will benefit tremendously from these new investments. “We will work closely with the UAW and Ford to support their expansion plans.”
“There is good news for everyone associated with Ford Motor Company today in Kentucky,” said Governor Steve Beshear. “I congratulate Ford and the United Auto Workers on a successful result from their contract negotiations.”
Fischer said this further investment and hiring results from a huge amount of work that has occurred between the city, state and Greater Louisville Inc. to ensure that, when Ford was looking for cities in which to invest, Louisville was at the top of the list.
“Today’s announcement reaffirms our plan to work with Lexington and the Brookings Institution to develop a strategy to make the Bluegrass region the leader in advanced manufacturing,” Fischer said.
Ford has not yet announced any details or a timetable regarding the hiring process for the additional 1,000 jobs announced today.