GRAND RAPIDS – A statewide organization of economic development leaders is sounding alarms following Ford Motor Co.’s recent announcement to venture outside of its home state to make a historic investment in electric vehicles.
Ford announced this week that it — along with partner SK Innovation Co. — will invest $11.4 billion and create 11,000 jobs in Tennessee and Kentucky to build facilities that manufacture both electric vehicles and batteries.
The transformative project includes a 3,600-acre mega campus in the Memphis area, staffed by 6,000 new workers, in addition to a 1,500-acre battery park in the Louisville area, where Ford plans to operate alongside battery supplier SK Innovation Co. Ford will contribute $7 billion to the $11.4 billion project.
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