Lansing hopes to entice
General Motors to invest $190 million in a Lansing plant to ramp up for production of a new vehicle.
According to excerpts from the article:
The city of Lansing could end up offering General Motors Co. $9.8 million in tax incentives if the automaker picks a Lansing plant for a new vehicle.
That is the amount of a personal property tax abatement Mayor Virg
Bernero wants the Lansing City Council to approve to help persuade GM
to invest $190 million to add an unnamed vehicle — and about 600 jobs — to its Lansing Grand River assembly line.
The abatement would be spread out over 25 years — or about $390,000 a year.
GM isn't saying what other sites it's considering for the work.
However, GM has said it plans to bring the work to an existing factory.
In addition to Lansing Grand River, GM currently has assembly plants
elsewhere in Michigan as well as in Ohio, Missouri, Indiana, Kentucky,
Kansas, Texas and Louisiana.
Read the entire article
here.