MICH. ECONOMIC GROWTH AUTHORITY INVESTS IN PROJECTS TOTALING $850 MILLION

DETROIT, PONTIAC, WARREN, FLINT AND BAY CITY, MICH. — The Michigan Economic Growth Authority board has approved state incentives to encourage General Motors to consider expanding its facilities in Detroit, Pontiac, Bay City, and Warren, as well as build a new facility in Flint. Pending company approval, the project is expected to retain a total of 14,380 jobs in the state. The proposed $838 million project would include upgrades to the Detroit-Hamtramck assembly plant, Pontiac Metal Center, Bay City Components Plant and the GM Technical Center in Warren. Additionally, a new facility would be constructed on a brownfield site in Flint. A state tax credit worth approximately $122.5 million over 15 years was approved, along with a brownfield tax credit valued at $10 million, in order to secure the company’s investment.
Additionally, the Michigan Economic Growth Authority board has approved state incentives for improvements to Carbone of America’s Ultra Carbon Division, which is located at 900 Harrison St. in Bay City. The $11.5 million project includes demolition and reconstruction of a functionally obsolete portion of the existing building, underground utility improvements to accommodate expansion, as well as new manufacturing equipment and a new furnace. In addition, a deteriorated section of the Harrison Street facility between 32nd and 38th streets will be reconstructed. The board has approved more than $3 million in state and local tax capture in addition to a $1.3 million brownfield tax credit to support the project.