X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FLINT, MI-Michigan is dangling $28 million in incentives in front of General Motors Corp. to encourage the automaker to invest $448 million in two plants in Flint. GM can collect the single business tax credits if it commits to a $300-million expansion of the Flint Engine South plant and a $148 million investment at the Flint Truck Assembly plant.

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:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.