Ford has announced a new deal with the Convict Property Management Group to lease the factory to a local Convict company.
The company announced the deal on Tuesday in a statement announcing the purchase of the factory.
It is the first time Ford has used Convict’s factory leasing program.
The leasing program was introduced in 2018 and was designed to provide a low-cost solution to companies that lease to Ford.
Ford says the lease deal is valued at $2.8 million and that the facility will have up to 1,500 employees.
Ford is leasing the plant from Convict in the southeast corner of the United States.
The Ford-owned Ford Focus is leasing its production facilities from Convent.
The Convict lease deal will not be announced until later in the week.