The Missouri automotive industry scored another victory today with General Motors' plan to invest $133 million in its Wentzville facility, Gov. Jay Nixon announced. GM will add a third stamping press to the assembly and stamping plant, with the potential for creating or retaining 55 local jobs.
The $133 million is the second major investment by General Motors in the Wentzville facility in the past two years. In 2011, the company announced a plan to invest $380 million and create or retain 1,260 new jobs to produce a new mid-size pickup as well as 400 new jobs to support demand for their existing vehicles.
"The automotive industry continues to invest in Missouri because we combine a low-tax, business-friendly environment with a workforce that is second to none," Gov. Jay Nixon said. "We're very pleased that General Motors is again expanding operations at its Wentzville plant. Investments by global brands like GM have helped keep Missouri's unemployment rate below the national average for 45 consecutive months. Today's announcement is another great win for Missouri workers and our economy."
Gov. Nixon has made revitalizing Missouri's automotive manufacturing industry a top priority of his administration, and on his watch this sector has seen tremendous growth. Last month, Ford announced plans to add a third production shift for the F-150 and hire an additional 900 workers at its Kansas City Assembly Plant in Claycomo, where it has undertaken a $1.1 billion expansion.
Additionally, two major auto suppliers this year have announced new Missouri manufacturing plants. Adrian Steel announced a plan to create 39 new jobs and invest $4.7 million for a new manufacturing facility in Kansas City, and Yanfeng USA Automotive Trim Systems announced a $45 million capital investment for a new plant in Riverside expected to create 263 new jobs.
The state of Missouri helped make General Motors expansion in Wentzville possible through a strategic package of economic incentives, which the company can redeem if it meets the strict job creation and investment criteria.
Gov. Nixon's administration worked closely with GM, Ford and automotive suppliers over the past several years to move Missouri's auto industry forward. On his first day as Governor in 2009, Gov. Nixon established an Automotive Jobs Task Force to make recommendations on strategies to attract automotive investment in Missouri. In 2010, Gov. Nixon called the state Legislature into special session to pass the Missouri Manufacturing Jobs Act, which contained new incentives specifically geared to Missouri auto manufacturers and suppliers. The Governor and members of his economic development team also traveled to Detroit on numerous occasions to meet with leadership at GM and Ford.