GM spokesman Dan Flores says the engine plant expansion would create 350 news jobs to build a V-6 engine. The tax credits were approved by the Michigan Economic Development Corp. "It is encouraging to see that GM is considering significant investment in Flint," MEDC president Don Jakeway says. "If approved, this investment would be a positive indication that manufacturing will remain a staple of our future economic success for many years to come."
Flores says the incentives "make the business case that much more competitive. We appreciate the support from the state."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.