GM Is Preparing to Invest $1.2 Billion in Arlington, Texas Assembly Plant

GM is now in the middle of negotiations with the city of Arlington, Texas over a $1.3 billion expansion of its centrally located assembly plant. If finalized, the new expansion would add about 1.2 million square feet of space to the factory, as well as another 589 jobs.

Currently, the Arlington assembly plant is responsible for the assembly of a number of larger SUVs, including the Cadillac Escalade and Escalade ESV, the Chevrolet Tahoe and Suburban, and the GMC Yukon and Yukon XL.

gm2GM is already a top ten employer for the city, but this new deal would help to catapult them to an even higher level of importance. The city, needless to say, would be very excited to receive this type of investment.

“It’s a great deal for Arlington,” said Arlington Mayor Robert Cluck. “That’s exactly the type of investment we need to see in our city.”

In order to finalize the deal, the city of Arlington must come up with and pass a vote vote on an incentives package to help secure GM’s project. According to reports, that package would include designating the plant as a reinvestment zone, which would provide GM with an 80 percent reduction in their real and business personal property taxes over the next decade. The company would also be able to avoid all permit and development fees.

The city council is expected to vote on this in a public hearing on April 14th.

“In order to get those new jobs and get those good salaries and benefits, we have to make an investment,” said Cluck. “And we’re very willing to do that.”

Get involved in the conversation!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s