Toronto, Ontario – Ontario will contribute up to $81.2 million to establish a new project at Ford’s Essex engine plant in Windsor, which is expected to create and retain up to 757 new jobs over five years.
The initiative, called Project Renaissance, combines flexible manufacturing with the establishment of a North American Centre for Diesel and Advanced Powertrain Technology, Research and Innovation. The province’s contribution builds on a $17 million provincial investment, announced in March 2008, that helped reopen the shuttered plant.
The terms of the provincial support agreement provides Ford with an opportunity to increase its investment in the project, up to $736.4 million.
“By being at the table as a proactive partner with Ford, we’ve been able to bring the Essex engine plant back to life and transform it into a leading-edge facility with a significant role in the company’s long-term engine production and R&D plans,” said Sandra Pupatello, Minister of Economic Development and Trade.