Stellantis and the United Auto Workers have come to a tentative agreement to expand operations in Belvidere, Illinois. The agreement includes plans to invest $4.8 billion to reopen a distribution center closed in February and potentially develop a new battery and assembly plant. REMI analysis was run by Region 1 Planning Council to determine the potential direct and indirect economic effects of these investments in Boone County and surrounding counties.
Click here to learn more about economic impacts of this investment from Jason Holcomb, Director of Community Impact, at Region 1 Planning Council, in the article titled, “Study $5B from Stellantis could equal $3B for Belvidere area residents” written by Jeff Kolkey at Rockford Register Star.
