General Motors Company (NYSE:GM) Considering Lansing Plant Expansion With Plans Of Seeking Tax Incentives

Posted In Automotive - By David Francis On Monday, July 28th, 2014 With 0 Comments

Dallas, Texas 07/28/2014 (ustradevoice) – General Motors Company (NYSE:GM) on July 27, 2014 hinted towards consideration of expansion plan worth $37 million. GM might expand the Lansing Delta Township, Mich., assembly plant in the near future. The assembly plant at present encompasses three of the most renowned full-size crossovers which have been constructed by 3000 hourly production workers.

Plans for Seeking Tax Incentives: Benefit for General Motors

The carmaker also has plans of seeking considerable tax incentives from Lansing. Doing so will help the Detroit based General Motors Company (NYSE:GM) to cut the real property taxes in almost half for 12 years. The Lansing Economic Area Partnership Inc. in a statement said that the incentives may be introduced from July 28, 2014 at the Lansing City Council.

Lansing and Delta Township’s Tax-Sharing Agreement

It is worth noticing that both Lansing and Delta Township have the tax-sharing agreement finalized with Delta Township with the considerable economic incentive also, the prospective project will lead to generation of $4 million in the form of new taxes over the time duration of 12 years, which shall be shared, as per the agreement, between the township and city.

Lansing Delta Township, Mich. Assembly Plant

The Lansing Delta Township, Mich. Assembly plant is the employer of over 3000 hourly production workers. These workers, it must be noted, had built GMC Acadia, Buick Enclave and Chevrolet Traverse crossovers.

Statement from the Lansing Mayor

The Mayor of Lansing, Virg Bernero, in a statement said that the state, region and the city should be thankful towards General Motors Company (NYSE:GM) for making yet another crucial investment in Lansing area facilities. He praised Gm and said that it was the American-made gift which gave, built and added the best vehicles of the world with the help of best labour forces in the world and also top-notch technologies in the Lansing region.

About the Author

- David Francis earned a bachelor of arts degree in history from the New Orleans University and a master of arts degree in international relations from North Eastern University

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