Trump Announces $70 Million John Deere Factory in North Carolina
On Tuesday, President Donald Trump revealed that John Deere intends to invest $70 million to construct a new excavator factory in North Carolina. This facility will be unique as it will produce the only excavators made in the United States.
During a rally in Iowa, part of his campaign trail leading up to the November midterm elections, Trump highlighted the significance of this project. He described the upcoming factory as a cutting-edge facility, one of the finest globally, and expressed optimism about its potential to generate considerable economic growth and increase U.S. industrial capabilities.
“I’m excited to announce this historic investment. The amazing American companies I’m mentioning are doing a lot of work. We have many successful firms here,” Trump noted. “But this is a particularly special deal because it’s with John Deere. A $70 million factory in North Carolina. It’s brand new and the best in the world. I think it will bring significant benefits.”
He emphasized that this plant would be the first to solely manufacture excavators on American soil, effectively putting an end to the company’s dependence on foreign production for heavy machinery.
During his comments, Trump also jokingly mentioned, “If this works out, I’m taking all the credit. But if it doesn’t, well, I have no part in that.” He added that he has a fondness for excavators, claiming to know quite a bit about them. “We don’t make excavators here; this will be the only one produced entirely in the U.S. I really like that!”
Back in May 2025, John Deere committed to investing $20 billion in the United States over the next decade. This was announced during their second-quarter earnings report by Chairman and CEO John May, who stated that the investment would help expand production, hire more workers, and improve equipment.
Since 2019, John Deere has invested $2.5 billion into U.S. manufacturing sites and directed roughly $80 billion to American suppliers. Additionally, the company has allocated another $100 million for upgrades at its domestic facilities in 2025.
