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Lansing City Council okay's tax package for GM

Courtesy gm.com

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.