FORT WAYNE, Ind. (Indiana's NewsCenter) - If the Fort Wayne GM Truck Plant did not receive a $230M investment, UAW Region Director 3 Mo Davison said the plant would have shutdown as early as next year.
That news has prompted Indiana's NewsCenter to take a look at the economic impact that General Motors has on our region.
According to Fort Wayne-Allen County Economic Development Alliance President Andi Udris, the Fort Wayne GM Truck Plant has an annual direct and indirect impact of $901 million dollars on our region.
"All these families. These 3,000 families buy other good and services in the community so it's a major economic multiplier effect," Udris explained.
Meanwhile, according to Inside Indiana Business, UAW Region 3 Director Mo Davison said the Fort Wayne GM Plant was competing with two other plants for the $230 million dollar investment.
UAW leaders said the money will be used to build the next generation of full size Chevy Silverado and GMC Sierra pickup trucks.
The investment will also save or create 150 jobs.
Udris told Indiana's NewsCenter that the direct payroll impact from the 3,400 workers employed locally by General Motors is estimated at $214 million dollars.
The indirect jobs affected by the GM plant is more than 28,000 positions, adding up to another $687 million dollars.
The annual economic impact of General Motors is about $901 million dollars.
"Finding these kind of higher paying salaries and wages just don't come along all the time," Udris added.
"Many of these types of jobs are being located off shore. So being able to retain these jobs and keep this plant competitive really would be a home run for Fort Wayne and Allen County," Udris concluded.
The $230 million dollar investment was announced as part of the UAW's tentative four year contract with General Motors.
The contract could be approved by plant workers as early as Thursday, September 29.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.