GM Receives Tax Incentives for $1.3B Investment in Orion Facility
Jan. 20, 2022—General Motors on Tuesday received a tax abatement for a proposed $1.3 billion investment at its Orion Assembly plant in Lake Orion, Mich.
The automaker requested municipal support as it seeks to overhaul the plant and turn it into an electric vehicle facility, according to a report from The Detroit News. Orion Township officials approved the maximum 12-year abatement period, plus an additional three years during construction and renovation.
"GM sincerely appreciates the support the Orion Township Board of Trustees showed by approving our tax abatement application this evening," GM spokesman Dan Flores said in a statement. "Securing all available tax incentives plays a critical role in any business case moving forward. Approving our tax incentive application is certainly a positive step forward, however, the proposed project is not approved."
General Motors in its application said the investment "would lead to the creation or retention of 2,000 jobs," and that the "proposed investment is primarily for the construction of several additions and land improvements to support electric vehicle production."