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 Update: Chrysler Announces $1 Billion Investment in St. Louis
By: Darin "Sid" Cameron, CRS (Source: Office of the Governor)
Mon, Dec 12th, 2005 10:02 pm

Here's a follow up to the Chrysler blog from a few days ago.  Excerpts from the Governor's press release below.

Fenton, MO -- Gov. Matt Blunt and top Chrysler Group officials today announced the automaker’s plans to invest up to $1 billion in the St. Louis North and St. Louis South Assembly Plants in Fenton over the next several years.

"This investment in the future is extremely good news for our workers and their families and it reflects on our continued efforts to expand economic opportunities for all Missourians," Blunt said.

The $1 billion investment will be shared between the two plants and is expected to give both plants additional state-of-the-art manufacturing capabilities and modernization. The St. Louis South Plant currently employs 3,200 people and the St. Louis North plant employs 2,300 workers.

Blunt also praised officials of Fenton and St. Louis County for working together with the state to put together a deal that helped trigger Chrysler Group’s decision. Blunt in October sent a letter to Fenton officials in support of local tax abatements linked to the Chrysler Group facility.

The Chrysler Group St. Louis South Assembly Plant was listed as the most productive minivan plant in 2005 by The Harbour Report North America. In 2003, the Harbour Report recognized the St. Louis North Assembly Plant as the most-improved plant within the Chrysler Group for increasing its efficiency by 28.6 percent during the launch of the Dodge Ram.

The automobile industry in Missouri employs approximately 36,500 people making up nearly 12 percent of the state’s total manufacturing employment. The average wage for an auto worker in Missouri is $53,117, well above the state average of $34,855. Missouri has the sixth highest level of auto industry related employment in the United States and motor vehicle manufacturing accounts for 1.8 percent of Missouri’s Gross State Product.

[ Next Article: Investigating the Old North Neighborhood ]
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Darin "Sid" Cameron spent 15 years working in the technology industry which in 1998 relocated him to St. Louis. In 2004 he took over web development tasks for Kimberly's real estate team and later became the full-time Marketing and Operations Director in 2005. In 2011 Sid launched two brokerages, The Realty Store, Inc. and Realty Referral Partners, Inc, while continuing to perform marketing and operations for Kimberly's team. Sid holds a real estate broker's license in Missouri, CRS certification and was the first CyberStar in the St. Louis area.
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