Lansing City Council okay's tax package for GM
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.