- Associated Press - Friday, October 2, 2015

RIDGEVILLE, S.C. (AP) - Volvo hopes to create 4,000 jobs and invest $1 billion at its Berkeley County automobile plant by 2030.

The State newspaper reported (https://bit.ly/1L1vhXq) that documents it obtained through the Freedom of Information Act show the company has promised to invest $600 million and hire 2.000 workers by the end of 2023.

In return, the company is getting more than $200 million in incentives from the state, Berkeley County and the state-owned utility Santee Cooper.

Volvo broke ground at the facility near Ridgeville on Sept. 25. The plant is the company’s first auto manufacturing operation in North America.

The company expects to begin hiring in 2017 and plans to produce its first cars in 2018.

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This story has been corrected to show that the company has not promised to invest $1 billion and hire 4,000 workers. Those are goals.

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Information from: The State, https://www.thestate.com

Copyright © 2018 The Washington Times, LLC.

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