Ford Will Get $205 Million to Expand Ohio Assembly Plant
AVON LAKE, OH—Ford will receive $205 million in incentives to expand its Ohio Assembly Plant here, where it plans to make electric vehicles.
The automaker was approved for a 30-year tax credit worth $70 million. JobsOhio, the state’s private economic development arm, is planning $135 million in grants for Ford, according to spokesman Matt Englehart. The tax credit is performance-based, meaning Ford will have to create $108 million in new payroll and operate the assembly plant for at least 33 years to receive the full credit.
About 1,650 people work at the Ohio Assembly Plant, where Ford assembles larger trucks like the F-350, 450, and 550 series.
Ford announced in June that it would build a new electric vehicle aimed at commercial customers at the Avon Lake facility. The $1.5 billion investment could double the workforce at the complex.
According to the Ohio Department of Development, the expansion would add 2,000 new jobs by 2030.
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