GM to Add 1,750 Jobs, Invest $800 Million in Michigan
July 22, 2014
By Brent Snavely, Detroit Free Press
After a change in a Michigan tax agreement, General Motors will add 1,750 jobs and invest $800 million. (file photo)
General Motors plans to invest up to $800 million and hire up to 1,750 new workers in various Michigan locations after the state changed a tax credit agreement today.
The Michigan Strategic Fund amended GM's tax credit to increase the number of employees the automaker can apply toward its tax credit from 33,000 to 34,750. The company specifically increased the number of jobs eligible for the tax credit at its Warren technical center from 5,000 to 6,750, raising the possibility that some of the initial jobs will be created there.
According to the state, GM plans to add locations throughout Michigan to support the development of new vehicle platforms and programs. GM declined to break out its specific investment plans or the location of the additional jobs.
"GM's prospects are bright, and we want Michigan to play an important part in the company's growth," the automaker said in a statement. "We are pleased with the state of Michigan's action which makes a strong business case for potential future jobs and investment at GM facilities across Michigan."
Michigan's Economic Growth Authority reached its original agreement with GM in 2009. Since then, GM has added or retained 33,000 jobs and has invested up to $2.8 billion under the agreement in Michigan.
Contact Brent Snavely: 313-222-6512 or email@example.com. Follow him on Twitter @BrentSnavely.
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