Fort Wayne city council has introduced a resolution to authorize a $5-million grant from the city to General Motors, reports The Detroit Free Press.
The cash would actually tumble down from state coffers and go directly to help GM pay for a $1.2-billion upgrade to its Fort Wayne Assembly plant (also known as the Allen County truck assembly plant), which currently produces various iterations of the GMC Sierra and Chevrolet Silverado.
“The funding is part of an Indiana Economic Development Corp. grant program and will be paid from the state’s Industrial Development Grant Fund,” says the new outlet, citing the Fort Wayne Journal Gazette.
Scott Naltnor, Director of Business Development for Greater Ft. Wayne Inc., says the state of Indiana and General Motors negotiated the grant as part of the company’s commitment to upgrade the facility.
Fort Wayne city council is scheduled to discuss the matter next Tuesday and vote on it on August 26; stayed tuned to see how it all pans out.