General Motors plans to spend US$162m on a stamping plant at its Lansing Grand River facility, creating 65 jobs, local economic development officials said.
They told a Lansing State Journal reporter the automaker plans to build the 225,000 sq ft facility near the Lansing Grand River Assembly Plant, which assembles Cadillac ATS and CTS models.
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Lansing City Council would be asked on 10 March to set public hearings for proposed tax incentives related to the project, Bob Trezise, president and CEO of Lansing Economic Area Partnership (LEAP), was quoted as saying.
Construction and opening dates were not released and GM declined to comment.
The report, in the Detroit Free Press, notd Lansing is set to build the Chevrolet Camaro when production is moved from the GM factory in Oshawa, Ontario, possibly in 2015. It was not immediately clear if the new stamping plant was related to the Camaro, the report added.
The city and LEAP would offer a 14-year tax break on real property which will cover 50% of taxes on the building, Trezise said. GM also would be offered a 25-year incentive covering 100% of taxes on personal property.
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By GlobalData“This is an affirmation of both GM’s commitment to excellence in automaking and their recognition that Lansing is a tremendous globally competitive place,” Trezise said.
