Grim as things may be at Detroit's Renaissance Center, General Motors is soldiering on, thanks in part to a change in its state tax credit from the Michigan Strategic Fund. The amendment could lead to $800 million in new investments in the state, as well as 1,750 new jobs.

According to The Detroit News, the amendment boosts the number of jobs eligible for the state tax credit at the company's Warren Technical Center from 5,000 to 6,750, leading to speculation that the new positions will be created at the sprawling, suburban campus.

That speculation is backed up by a statement from the Michigan Economic Development Corporation, which said, "The 1,750 additional jobs will be the result of the consolidation of various engineering functions from outside of Michigan to a site in Michigan."

As for the $800 million in new investment, MEDC claims that GM will upgrade "various facilities in Michigan in anticipation of future vehicle platforms and programs."

GM, however, refused to speculate on the impact of the tax credit changes, with spokesperson Heather Rosenker telling The News:

"GM's prospects are bright, and we want Michigan to play an important part in the company's growth. We are pleased with the state of Michigan's action which makes a strong business case for potential future jobs and investment at GM facilities across Michigan."



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  • 30 Comments
      sp33dklz
      • 4 Months Ago
      It could be $800 billion and it still wouldn't save Detroit. New location please.
      Larry Litmanen
      • 4 Months Ago
      Hey GM needs every lawyer it can get.
      Jim R
      • 4 Months Ago
      Let me guess. They're all going to be employed fixing defective ignition switches?
        icemilkcoffee
        • 4 Months Ago
        @Jim R
        Reminds me of that Dilbert comic strip, where Wally assured his job security by creating bugs and then fixing them.
        brandon
        • 4 Months Ago
        @Jim R
        No, they will be employed to figure out how not to get caught next time for selling defective "insert any part here". GM doesn't fix problems, they just make them.
      Revis Goodworth
      • 4 Months Ago
      Michigan needs to get its money back - the US taxpayer was swindled out of tens of billions of dollars that were supposed to pay for these jobs already. It is odd that the very political party that howls about evil corporations wrote the bailout plan for GM and gave them tax and interest free money to save jobs and over $11 billion went overseas to increase Chinese production capacity and to save Opel in Germany. This is the same company that already has $14 billion of GM losses before the bankruptcy to use to avoid paying taxes. I think it is time that Government Motors start forking out their own money to expand instead of being constant moochers.
        Dave
        • 4 Months Ago
        @Revis Goodworth
        Hey Goodwrench.... If Ford got the same Tax Incentives (they probably have some very similar ones) you would be jumping up and down cheering them on in your blue Ford cheerleader outfit.
      Brodz
      • 4 Months Ago
      Whatever is good publicity for them.
      BodyBlue
      • 4 Months Ago
      EFF GM, I used to be happy for them when they produced the occasional awesome car but now when there is no doubt they KNEW that ignition switches were defective and did NOTHING and it killed people.....GM had and still has a degenerate culture. AND they still owe the US Taxpayer Billions of $. EFF them.
        The_Zachalope
        • 4 Months Ago
        @BodyBlue
        GM doesn't owe the US Taxpayers anything. They repaid their loan to the conditions set forth by the Department of Treasury. If you should be upset at anyone, you should be yelling at the politicians who though it would be a good idea to collect on a debt using stock.
      Hampton
      • 4 Months Ago
      Fluff...What is the figure on the 'tax credit' to GM? In other words ,how much more tax money are We throwing at this company because it's money they don't contribute to the tax base!
      Avinash Machado
      • 4 Months Ago
      Poor Michigan resembles a third world country.
      churchmotor
      • 4 Months Ago
      Detroit is BROKE, and the rest of this country is about to be forced to "bailout" this city. I guess that is where they plan to get the money.
        tylermars.design
        • 4 Months Ago
        @churchmotor
        Literally nowhere in this article was detroit mentioned.
        Card13
        • 4 Months Ago
        @churchmotor
        It specifically stated that the money comes from the state. There are more cities in Michigan than just Detroit, so the entire state isn't bankrupt.
      Skicat
      • 4 Months Ago
      It's an unfortunate consequence of the demonization of taxes that began in the Reagan era and Republican "leadership" that over $1.8 billion in business taxes were shifted onto pensioners and working people in MI. The idea that businesses anywhere should not have to pay their share for using state resources is ridiculous. There are not enough jobs with high enough wages to bear the entire tax burden of MI state services. Yet somehow, that's what our "leaders" in Lansing magically expect to happen.
        brandon
        • 4 Months Ago
        @Skicat
        What is "their fair share"? I get sick of hearing this. Who determines what ones "fair share" is? The gubmit? Yeah, they aren't a self serving entity that wastes more money than a billionaire with a coke habit. Maybe, just maybe, if we didn't already pay 3.5 trillion a year in taxes, on top of what we pay to the individual states, then people might not be so tax adverse. Maybe, if people on SSI, and medicare, actually needed to be on those things, then the budget would be a minimum of a trillion dollars less. (not *B*illion, *T*rillion) It time people like you stop making excuses for our governments malinvestments and let *us*, the consumer, decide where to put *OUR*, let me repeat.......O..U...R money. No, it's not the governments money, it's my money. It's Jim Bobs money, it's not some welfare queens money.
        Hanson Bro
        • 4 Months Ago
        @Skicat
        Glad to see your putting that French Literature degree to good use. Let's make this real clear - No business "pays" a tax. Every single dollar taxed by the Feds, states or locals is passed along to a customer, user or client further on down the chain. And want to talk "unfortunate"? Let's start with the Jimmy Carter administration.
          icemilkcoffee
          • 4 Months Ago
          @Hanson Bro
          "Every single dollar taxed by the Feds, states or locals is passed along to a customer" Not true. It could also come out of the CEO's bloated bonus, or the stockholder's dividends. Ever thought of that?
      jphyundai
      • 4 Months Ago
      Unless the money is stolen by greedy lawyers.
      Hanson Bro
      • 4 Months Ago
      Yes, and if I blew farts hard enough I COULD fly to the moon.
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