MIL-OSI USA: Kustoff Applauds Ford Motor Company’s $5.6 Billion Investment in the Memphis Regional Megasite

1

Source: United States House of Representatives – Representative David Kustoff (TN-08)

September 27, 2021

Press Release

Praises Governor Bill Lee for his key role in securing this historic deal

WASHINGTON, DC—Today, Congressman David Kustoff (TN-08) commended Governor Bill Lee’s effort following Ford Motor Company’s announcement that they have selected the Memphis Regional Megasite for one of the largest battery and vehicle manufacturing campuses in the United States. Ford and SK Innovation will invest $5.6 billion to build a 3,600-acre mega campus called Blue Oval City on the Memphis Regional Megasite, where production of next generation all-electric F-Series trucks will begin in 2025. This investment, which is the largest in the state’s history, will result in the creation of 5,800 new jobs in West Tennessee. Further, this project is anticipated to contribute $3.5 billion each year to Tennessee’s gross state product.

“Today is a truly remarkable day for West Tennessee and the entire region. Ford’s investment in the Megasite will bring in thousands of jobs and will reshape West Tennessee’s economy for generations to come. I would like to thank Governor Bill Lee and his economic development team for their hard work in securing this investment. Ford’s commitment demonstrates its confidence in West Tennessee, Governor Bill Lee and his leadership, as well as the economic opportunity of the Memphis Regional Megasite. I look forward to working with Ford and Governor Lee to ensure West Tennessee is a leader in our nation’s automotive industry,” said Rep. Kustoff

 

###

MIL OSI USA News