Sterling Heights City Council voted unanimously to pass a $23.3M property tax abatement for Fiat Chrysler’s Sterling Heights Assembly plant, The Detroit News reports.
FCA announced earlier this year it would invest nearly $1.5 billion in the Sterling Heights facility in order for it to accommodate production of the next-generation Ram 1500. The plant may also one day receive another Ram Trucks product.
The investment will create 700 new jobs and will drum up $112 million annually for the southeast Michigan region. Renovations to the plant are expected to be complete by August 2018, shortly after the Ram 1500 enters production in late January 2018.
Ram 1500 production is moving to the Sterling Heights site from FCA’s Warren Assembly plant. The Sterling Heights facility was formerly tasked with building the Chrysler 200 midsize sedan, which was shuttered by FCA earlier this year along with the slow-selling Dodge Dart.