A big investment is coming to the Belvidere Chrysler plant, creating hundreds of new jobs there.
Fiat Chrysler announcing Thursday afternoon that the plant will receive $350 million to assist in producing the Jeep Cherokee. Cherokee production is moving to Belvidere from Ohio in 2017.
The money and Cherokee production will create about 300 new jobs for Belvidere.
Production of the Dodge Dart and Jeep Compass and Patriot will end later this year.
Belvidere Mayor Mike Chamberlain calls it a big boost to the local economy. He says the people coming to the Belvidere Plant to work, will also shop at local establishments.
He says, “Which means the sales tax increases, which sales tax is the best way to finance to needs for the taxpayers as opposed to property tax, because sales tax is a user tax.”
He hopes the popularity of the Cherokee will keep the production lines moving. He says, “It’s icing on the cake that we got the Cherokee, because it’s a hot model. But I made this statement last fall as long as they are at full production I don’t care what model they make, but we are tickled that it’s the Cherokee.”