After about a year’s worth of talks between Volkswagen, and the federal and provincial governments, the deal was made public this past Monday.
The automaker announced it was locating an electric-vehicle battery plant in St. Thomas.
It’s Volkswagen’s first overseas gigafactory.
It’s a logical choice given the city’s location, its proximity to essential minerals mined in Northern Ontario and required for production and the provincial deal just consummated that brings hundreds of acres of Central Elgin land into the confines of St. Thomas.
The plant will be operated by Volkswagen’s battery division, PowerCo.
Few details were made available on the size of the plant, the number of workers to be employed and how much will the deal ultimately cost taxpayers in this country.
More on that in a moment.
Following the announcement around noon on Monday, Mayor Joe Preston advised this is only the beginning.
Tag Archives: employment
SW Ontario lagging behind in job creation, income growth, warns economist
A sobering report released this week that brings into perspective the impact manufacturing’s decline has had on southwestern Ontario’s median household income through 2015 (the last year of available census data).
The report’s author Ben Eisen, a senior fellow with the Fraser Institute, notes Windsor falls from 10th highest median household income to 25th while London falls from 15th to 27th (out of 36 Canadian metropolitan centres).
St. Thomas is included in the London Census Metropolitan Area (CMA) and so the report has important local relevance.
Eisen’s work covers the period between 2005 and 2015 and so it is a look back in time and the next census in 2021 may give a clearer picture of where we are today.
Ian's City Scope 