Trade & Industry Development has announced the winners of the 2021 Corporate Investment and Community Impact (CiCi) Awards, and a major Missouri investment made the list. The awards program recognizes corporate locations and investments with a focus on both the company investing in the community and the economic developers responsible for securing that investment.
In December of 2019, General Motors announced its decision to invest $1.5 billion and retain nearly 4,000 jobs at its facility in Wentzville, Missouri. The Wentzville plant currently produces Chevrolet and GMC mid-size pickups and full-size vans, and directly employs more than 4,000 employees.
“We are excited and proud that General Motors, an American multinational corporation with more than 100 years of automotive industry experience, is renewing its commitment to our region with this investment in the Wentzville plant,” said Governor Mike Parson when the investment was announced.
The expansion is one of the largest single project investments from the private sector in Missouri, and it is expected to attract other related businesses to the area. More than $2 billion in GDP is generated from the Wentzville plant annually, and it is the largest employer in St. Charles County.
“This is, obviously, great news not only for St. Charles County but also metro St. Louis and all of Missouri,” said St. Charles County Executive Steve Ehlmann. “As our community’s largest employer, GM’s continued investment and growth highlight the strength of advanced manufacturing in St. Charles County. This funding from the state shows how serious Governor Parson is about the success of business and workforce development in Missouri.”