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Ford commits $400M to Claycomo plant

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Ford Motor Co. has committed to a two-year, $400 million investment at its Claycomo plant, allowing approximately 3,750 workers to retain full-time employment at the facility.

Ford and the Missouri Department of Economic Development signed an agreement Jan. 18, stipulating that Ford will invest at least $400 million to use the facility to produce a new vehicle and continue to build the Ford F-150, according to a news release from Gov. Jay Nixon's office.

The announcement follows the passage of the Missouri Manufacturing Jobs Act in July, a bill that allows manufacturing companies and their suppliers that create or retain Missouri jobs to keep all or part of their employee withholding taxes that are typically paid to the state, according to Springfield Business Journal archives.

"Last year, we came together to pass the Missouri Manufacturing Jobs Act to help our state compete for the production jobs of the future,” Nixon said in the release. “Missouri faced stiff competition from other states to attract this significant investment, but losing thousands of jobs from Claycomo simply wasn’t an option."

Qualified employers also must invest in next-generation production and make a significant capital investment in their production facility, the release said.

The Ford Claycomo plant was one of the prime focuses of the bill.

Ford's Claycomo investment now makes the company eligible for incentives under the act.

Mark Fields, Ford executive vice president, said investments such as the Claycomo agreement allows the company to effectively compete with other automobile manufacturers.

"This investment and promise of a new vehicle to be built in Kansas City reinforces Ford’s commitment to U.S. manufacturing and American jobs," he said in the release.

In a written statement following the announcement, U.S. Sen. Roy Blunt praised the agreement.

"Missouri is a great place to do business, and I’m very pleased that Ford is making this critical investment that will help create new and much-needed private sector jobs in our state," he said.[[In-content Ad]]

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