General Motors Yet To Make Decision In Regards To $161 Million Flint Investment
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General Motors has yet to make a decision in regards to the $161 million investment it’s interested in making at its Flint Assembly plant in Michigan. According to MLive, the automaker is seeking a large tax break on the investment and is currently awaiting a decision from the city on the matter before releasing many details on plans for the site.
GM spokesman Tim Wickham said the automaker does not yet have a “final decision,” on what they will do with the Flint Assembly plant, only saying it is “getting its ducks in a row,” before making any durastic moves. The company applied for a tax break earlier this week for the Flint operation, which will include the addition of a new body shop and “other smaller, related assembly additions to support the assembly facility.” The work would be completed in December of 2018.
Work is currently underway on the Flint site as GM installs a new $600 million paint shop, a project it also sought a tax break for. Construction on the shop began in 2014 and is scheduled for a late-2016 completion date. A 50 percent tax break on the new $161 million project would cost Flint taxpayers about $1.9 million the first year, however it could retain over 2,800 jobs when complete.
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