The company that builds the engines used by all of NASCAR’s top teams is moving to move production of its cars to the plant in Milwaukee, the Milwaukee Journal Sentinel reported.
Nelson Racing plans to open the plant by the end of 2018.
The company says the move will help it “create more than 4,000 direct jobs and create up to $2.5 billion in new economic activity for the local economy,” the newspaper reported.
The plant will employ about 2,000 people.
It’s the latest investment in a region that has been struggling to attract new businesses.
Earlier this year, the state of Wisconsin approved an agreement to bring back $100 million in federal aid to the area, and the state will likely receive more in federal funding over the next few years.