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State Offers $119 Mil to Keep 2 Auto Makers

DETROIT-Tax breaks worth $59 million might keep Covisint from moving from Southfield, MI, to Georgia. GM is looking at a $60-million offer on the table to keep a plant going in Lake Orion, MI.

By Robert Carr | Updated on November 17, 2001

DETROIT-Two automotive companies are getting a multi-million boost by the state toencourage them to stay in Michigan, and especially in the Detroit metropolitan area. General Motors Corp. is considering the shut-down of a plant in Lake Orion, MI, and the Internet-based automotive supplier firm Covisint, formed last year, is trying to decide whether to stay in Southfield, move to Detroit or relocate out of state to Georgia.

To keep the two companies operating, and to save thousands of jobs in Michigan, the Michigan Economic Development Corp. has offered them millions of dollars in tax incentives to stick around, said Jennifer Kopp, an MEDC spokeswoman.

Kopp says Covisint has been offered $59 million in tax breaks while $60 million is on the table in front of GM.

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