GM is currently in the process of investing $800 million into the state of Michigan by building and renovating facilities. This monumental investment will open up 1,750 jobs statewide, upping the total Michigan GM task force from 33,000 to 34,750.
This, of course, was nudged along by the Michigan Strategic Fund and their approval of tax breaks for potential automotive companies.
In a memo, the Michigan Economic Development Corp. (MEDC) says, “The $800 million in new investment will be the result of upgrading various facilities in Michigan in anticipation of future vehicle platforms and programs. The 1,750 additional new jobs will be the result of the consolidation of various engineering functions from outside of Michigan to a site in Michigan.”
Undoubtedly, this was a big move for Michigan, an automotive state that lately had been losing investments from anchor automotive companies.
So far, no specific plans have been disclosed, but GM spokeswoman Heather Rosenker released a stamen saying, “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.”
Since the height of the recession in 2009, GM has announced more than $5.4 billion in U.S. facility investments and more than $2.8 billion in Michigan alone. Today’s $800 billion investment was the second large investment in the state this year alone, the other being a $449 million investment back in April.
These moves have helped to solidify the relationship between GM and Michigan, the one-time unchallenged hub of the automotive world.
Many, including Michigan’s Economic Development Corporation (MEDC), believe that moves like this will only strengthen the already booming community. “
In an e-mail to MLive, MEDC says, “Michigan is the center of automotive innovation with a workforce capable of engineering and building world class vehicles and a business climate that encourages new investment here.”