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Lansing City Council okay's tax package for GM

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Courtesy gm.com
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Lansing’s City Council has okayed the final piece of local tax incentive package for General Motors.

The automaker is considering mid-Michigan for an electric vehicle battery plant.

The 12-year industrial facilities exemption now heads to the State Tax Commission for approval. Combined with other incentives, GM could be exempt from almost all local property taxes for more than a decade.

Bob Trezise leads the Lansing Economic Area Partnership. He said the deal is worth it.

“If we do land a transformational $2.5 billion plant, it provides us with a foundation to bring new business and more business related to that.” Documents from the company say the facility would employ seventeen hundred people.