GM could add 1,750 jobs in $800M investment in Michigan with tax credit
The Detroit News
Melissa Burden
July 22, 2014
Detroit — General Motors Co. says it could create up to 1,750 new jobs and up to $800 million in new investment in Michigan as the Michigan Strategic Fund Tuesday approved an amendment of the automaker’s global state tax credit. The amendment boosts the number of employees GM is able to receive tax breaks for.
“The $800 million in new investment will be the result of upgrading various facilities in Michigan in anticipation of future vehicle platforms and programs,” according to a briefing memo from the Michigan Economic Development Corp. to the Michigan Strategic Fund. “The 1,750 additional new jobs will be the result of the consolidation of various engineering functions from outside of Michigan to a site in Michigan.”
The amendment includes increasing jobs allowed for the state tax credit to 6,750 from 5,000 at GM’s Warren Technical Center. That indicates the new jobs GM plans to add in Michigan may be headed to the Tech Center.
*Full Article at Link
The Detroit News
Melissa Burden
July 22, 2014
Detroit — General Motors Co. says it could create up to 1,750 new jobs and up to $800 million in new investment in Michigan as the Michigan Strategic Fund Tuesday approved an amendment of the automaker’s global state tax credit. The amendment boosts the number of employees GM is able to receive tax breaks for.
“The $800 million in new investment will be the result of upgrading various facilities in Michigan in anticipation of future vehicle platforms and programs,” according to a briefing memo from the Michigan Economic Development Corp. to the Michigan Strategic Fund. “The 1,750 additional new jobs will be the result of the consolidation of various engineering functions from outside of Michigan to a site in Michigan.”
The amendment includes increasing jobs allowed for the state tax credit to 6,750 from 5,000 at GM’s Warren Technical Center. That indicates the new jobs GM plans to add in Michigan may be headed to the Tech Center.
*Full Article at Link