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Friday, April 22, 2011

General Motors investment in Warren will provide up to 426 jobs, Mayor James Fouts states

WARREN, MI - MARCH 26:  A man walks past the G...Image by Getty Images 
Warren Mayor James Fouts is
encouraging the Warren City
Council to approve tax incentives
for General Motors to create up
to 426 new jobs.
Warren Mayor James Fouts announced that Detroit based “Big Three” manufacturer, General Motors is considering investing up to $450 million in its Technical Center and Powertrain plant in Warren, Michigan. These two new projects could create 426 new jobs.
 "I cannot stress too much how important these new investments would be to our city," Fouts said in a press release. "They mean more jobs and ultimately more tax revenues for Warren."
A large portion of the employment opportunities would come from improvements and new machinery at the Powertrain plant. Up to 25 new jobs would be created from a new information technology and data center in the Tech Center.

At next week’s Warren City Council meeting, GM officials are expected to outline their plans and request tax incentives. Mayor Fouts will recommend that the Warren City Council award GM tax incentives in support of the project. GM is also seeking the council's approval to designate a portion of the Technical Center as a "brownfield" to qualify for a Michigan Business Tax credit.

“I am confident GM will choose these locations for new investments because the corporation realizes Warren is a business-friendly community that will go the extra mile to encourage businesses to expand or relocate here", Fouts stated.

A brownfield credit would need approval from the Michigan Economic Development Authority, who recently approved five other new business development credits on April 19th, providing up to 1376 jobs in the Southeastern Michigan area.

Mayor Fouts encouraged other businesses to follow General Motors, with investment in the Warren community; by promising a receptive friendly governmental environment for both large corporations and small businesses, alike.
“I also want to encourage other businesses to consider moving to or expanding in our city.  As we were with GM, I promise we will be cooperative in every way", Fouts impelled. Whether it is our city’s largest business taxpayer (GM) or a small family owned business, we (Warren) welcome you.”
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