General Motors and Samsung SDI Venture Plans 1.7K Jobs in RTW Indiana

General Motor and Samsung SDI are making a joint venture in order to establish a new facility in Right to Work St. Joseph County, Indiana. In order to accomplish this, the company is investing a total of $3 billion toward the project. As a result, they will also create 1,700 new jobs. So this is an exciting economic development!

From Area Development Magazine:

“This joint venture and the 1,700 people there will help supply cells for millions of all-electric vehicles for customers across North America. […] The strong support of local and state leaders in Indiana and the combined resources and expertise of GM and Samsung SDI will help us move faster than we could on our own.†[…]

“Through establishment of a battery joint venture with GM, we are grateful that Samsung SDI can contribute to boosting the economy of Indiana and creating new jobs here. […] Securing Indiana as a strong foothold together with GM, Samsung SDI will supply products featuring the highest level of safety and quality in a bid to help the U.S. move forward to an era of electric vehicles.”

“GM and Samsung SDI doubling down on their commitment to growing in Indiana further solidifies our state’s pole position in the growing EV space. […] Indiana has long been a global business destination, and our momentum continues as we further build Indiana’s future-focused economy and usher in incredible opportunities for Hoosiers. Transformational projects like these not only help bolster Indiana’s economy but enrich the surrounding communities and will directly benefit Indiana residents for decades to come.â€

AREA DEVELOPMENT MAGAZINE

To read the previous economic update on Right to Work states, click here.