Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • Special Report: FOOD SHORTAGE: Crazed Hoarding Is Not Preparing
    • Your Survival Guy’s Super States
      • 2023
      • 2022
      • 2021
    • Constitutional Carry
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • March 2023: How Long Have You Been in the Investment Business?
    • February 2023: 4 Life Changing Words: “You Should Try This”
    • January 2023: Stacking Wood and Compounding Money
    • December 2022: Your Survival Guy Prefers Bombardier’s Global Express 7500
    • November 2022: Arriving in Style at Le Bristol Hotel, Paris
    • October 2022: Sink Your Teeth into These Bond Yields
    • September 2022: Do You Have the 7 Habits of Highly Effective People?
    • August 2022: “Watch This Boat off Our Stern,” My Dad Said “He’s Coming in HOT”
    • July 2022: MONEY TALKS: Your Survival Guy’s Best Service in Paris
    • June 2022: “I’ve Been with Richard Young for Over 30 Years Now”
    • May 2022: Survive “If You Fail to Plan, You Plan to Fail”
    • April 2022: Dream On! Fishing the Double Down in Key West
    • March 2022: Your Survival Guy Hears the Craziest Investing Stories
    • February 2022: Your Survival Guy’s 2022 Super States
    • January 2022: The Least Affordable Housing Market in the U.S.
    • December 2021: Listen Your Survival Guy is not “Mr. Peanut”
    • November 2021: Joe Biden is Weaponizing Your 401(k) Against You
    • October 2021: Time to Get Your Lazy Cash Off the Couch
    • September 2021: What’s Your Survival Guy Investing in Right Now?
    • August 2021: To Where Will You Flee?
    • July 2021: This Bubble’s Popped Baby
    • June 2021: Your Survival Guy’s Summer Job, Inflation & You
    • May 2021: You’re Telling Me Friends Ask You This Question
    • April 2021: Is There One Best Place in America for ‘Liberty Retirees?’
    • March 2021: America’s Growth Corridors
    • February 2021: Troops in D.C. & Your Authoritarian Virtual Panopticon
    • January 2021: Are You Ready for The Great Reset?
    • December 2020: Disaster Prep in Our Newport Bunker and Your Survival
    • November 2020: Election 2020 Edition: Stock Market is Predicting a Trump Win
    • October 2020: You Invest They Win, AGAIN
    • September 2020: Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
    • August 2020: The Clock is Ticking: You Must Protect Your Family
    • July 2020: What Will Her Life Be Like Now?
    • June 2020: Your Survival Guy’s Home (and Money) Protection Plan
    • May 2020: Future Look at Covid-20, or the Next Deadly Virus
    • April 2020: Only Trump Saw the Risk in America’s Relationship with China
    • March 2020: Coronavirus Infects Stock Market
    • February 2020: Escape the City: Live Small, Cheap, and Safe in America
    • January 2020: Is Your Cash Safe? Probably not This Safe
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

RIGHT TO WORK: Ford Will Build New Truck in Kentucky

September 28, 2022 By E.J. Smith - Your Survival Guy

Louisville, Kentucky. By Sean Pavone @ Shutterstock.com

Ford has chosen a location for the production of its new F-Series Super Duty truck. The destination for $700 million in new investment and 500 permanent jobs is the Right to Work state of Kentucky. The government of Louisville stated in a press release on the investment:

If you’re looking to be a member of my Survive & Thrive club, click here.

Today, Mayor Greg Fischer joined Gov. Andy Beshear and Ford executives to announce that Ford Motor Co., which has produced motor vehicles in the commonwealth for 109 years, will expand its presence in Louisville with a $700 million investment creating 500 full-time jobs as the company prepares to produce the all-new Ford F-Series Super Duty truck.

Gov. Beshear proclaimed today to be “KenTRUCKy Day” in the commonwealth in honor of Ford’s investment in Kentucky and tonight’s reveal of the all-new F-Series Super Duty truck at Churchill Downs.

“The partnership between Kentucky and Ford goes back more than a century and is only becoming stronger,” Gov. Beshear said. “Today’s announcement is one of the largest investments ever in Jefferson County and will create hundreds of great jobs, including building the 2023 Ford F-Series Super Duty truck. Together with last year’s record-shattering electric vehicle battery plant announcement, Ford is building its future here in the commonwealth. We couldn’t be more proud and look forward to many more decades of success for this iconic American company here in Kentucky.”

Ford is the largest vehicle producer in the Bluegrass State and one of the largest employers in Kentucky, with more than 12,000 people working across two assembly plants in Louisville.

“Ford is America’s No. 1 employer of hourly autoworkers, and our workforce in Kentucky makes some of the country’s most popular vehicles, including the F-Series Super Duty for both retail and Ford Pro commercial customers,” said Kumar Galhotra, president, Ford Blue. “Ford has been growing in Kentucky since the days of the Model T, and we are continuing to invest in the Bluegrass State to produce great vehicles that our customers love and depend on.”

Ford is the top assembler of vehicles in America and the F-Series pickup franchise alone generated nearly $40 billion in revenue last year.

“UAW Local 862 members are proud to be a part of the F-Series Super Duty’s success both today and tomorrow,” said UAW President Ray Curry. “We celebrate this $700 million investment into Ford’s Kentucky Truck Plant, as it shows that UAW members continue to play an important role in Ford’s future.”

“This investment recognizes that UAW members bring quality, skills and experience to their jobs every day and that Ford counts on them to build their future business,” added Chuck Browning, UAW vice president and director of the Ford department. “Our members put Kentucky on the map when it comes to auto manufacturing, and that imprint will only grow larger.”

With more than 12,000 people employed in Kentucky, Ford supports nearly 120,000 direct and indirect jobs in the state and a state GDP contribution of $11.8 billion.

Mayor Fischer highlighted Ford’s long history as a key manufacturer in Louisville.

“Advanced manufacturing continues to drive significant economic growth in Louisville,” said Louisville Mayor Greg Fischer. “Built upon a rich manufacturing history, Louisville has developed a strong foundation of support that allows us to meet manufacturers’ workforce and growth needs and has led manufacturing companies to invest more than $5.2 billion in our city and create more than 10,000 new jobs since 2014. We are excited to add today’s announcement to those growing numbers. Thank you to Ford for remaining committed to Louisville for nearly 110 years and continuing to invest in and grow its local operations and workforce.”

Ford, America’s truck leader, is celebrating 45 years of F-Series as the best-selling pickup in America and the 25th anniversary of Super Duty with the all-new 2023 Ford F-Series Super Duty. The next-generation Super Duty takes America’s most trusted heavy-duty truck to the next level with unprecedented levels of work capability, ingenious new technology and a suite of cloud-based services for new levels of productivity.

The Ford F-Series Super Duty is proudly built at Kentucky Truck Plant alongside the Ford Expedition and Lincoln Navigator in Louisville, Kentucky, while the Ford Escape and Lincoln Corsair are built at the nearby Louisville Assembly Plant.

One year ago today, the Beshear administration announced the largest economic development project in state history. On Sept. 27, 2021, Gov. Beshear and leaders from Ford Motor Co. and SK Innovation celebrated a transformative $5.8 billion investment that will create 5,000 jobs in Hardin County, just outside Louisville. The announcement helped position Kentucky as the EV battery production capital of the United States.

Kentucky has long been a leader in automotive production as the nation’s No. 1 per-capita producer of cars, light trucks and SUVs. The commonwealth currently is home to more than 525 auto-related facilities employing 100,000 residents across the state. With today’s announcement, more than 100 automotive-related projects have been announced in Kentucky since the start of the Beshear administration, totaling over $10 billion in new investment and more than 12,000 full-time jobs.

To encourage investment and job retention in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Tuesday approved a supplemental project to an existing Kentucky Jobs Retention Act (KJRA) program agreement with the company. The performance-based agreement can provide up to $430 million in cumulative tax incentives based on the company’s total cumulative investment of $3.65 billion across the original and supplemental KJRA projects with an annual job target requirement of up to 12,500 over the term of the agreement.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates by claiming eligible incentives against its income tax liability and/or wage assessments.

Action Line: Ford and other automakers have increasingly chosen right to work states for their production, rather than building new vehicles in the traditionally union-heavy Rust Belt states. Businesses and taxpayers go where they are treated well. If you’re looking for a better America, click here to start your search with my Super States, and click here to sign up for my free monthly Survive & Thrive letter, and we’ll find a better America together.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • If You’re a Highly Effective Person, We Should Talk - March 24, 2023
  • What’s Happening to Charles Schwab? - March 24, 2023
  • Prepare for the Predictable - March 24, 2023
  • Is Vanguard Voting Against Your Political Beliefs? - March 23, 2023
  • Call It the Difference between Normal and Crazy - March 23, 2023

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Money 101

Recent Posts

  • If You’re a Highly Effective Person, We Should Talk
  • What’s Happening to Charles Schwab?
  • Prepare for the Predictable
  • Is Vanguard Voting Against Your Political Beliefs?
  • Call It the Difference between Normal and Crazy
  • “I Need Preservation of Principal and Growth”
  • DEMOCRATIC SENATOR: Biden’s ESG Veto “Absolutely Infuriating”
  • Are You Fairly Wealthy? I’m Listening
  • How Long Is Your Water Supply Chain?
  • Your Survival Guy’s BEST Insider’s Guide to Key West

Trending

  • Is Vanguard Voting Against Your Political Beliefs?
  • What's Happening to Charles Schwab?
  • Are You Living Your Best Life?
  • Will the Black Swan Usher in Digital Dollars?
  • “I Need Preservation of Principal and Growth”
  • How the Rich Get Richer: You Invest, They Win
  • March RAGE Gauge: Will the Black Swan Usher in Digital Dollars?
  • New England Is Starving for Energy
  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • DEMOCRATIC SENATOR: Biden's ESG Veto "Absolutely Infuriating"

Must Reads

  • Your Survival Guy’s 2022 Super States: #1 New Hampshire
  • “Talk to Me, Goose!” Time Flies in Top Gun: Maverick
  • Slow and Steady Wins the Race: Most People Can’t Handle Making Money This Way
  • HELLO: “How’s It Going? I Don’t Know Anything”
  • BIDEN-FLATION: Here’s Why Prices Are Up At Your Favorite Restaurant
  • How Long Have You Been in the Investment Business?
  • The Importance of a Balanced Portfolio
  • What Your Survival Guy Invested in Today
  • Your Survival Guy’s Champagne Taste on a Beer Budget
  • Why Investors Should Forget Prices and Focus on Income
Only if You’re Serious
Crazed Hoarding Is not Preparing
How to Save Rainwater Effectively
Your Survival Guy in Paris
Your Survival Guy's Fishing Stories
Financial Independence, Retire Early
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
How Can You Save Money for Your Grandchild
Great Reset
See Who's Missing the Boat
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2023 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.