The U.S. automaker will add 1.2 million square
feet (111,000 square meters) of space to the plant, adding 589
jobs to the existing 3,179 jobs, the city said.
The city council is scheduled to hold a public hearing on April
14 to consider establishing a reinvestment zone at the location.
The city has also proposed reducing taxes by 80 percent for 10
years on the expanded plant and its equipment and waiving
building permit and development fees, according to a city staff
report.
The company, which is among the top 10 employers in Arlington
according to the city's website, will spend $307 million on the
physical expansion and $986 million on new equipment.
"GM is developing a business case for a potential future
investment at Arlington Assembly. An investment would fund
facility improvements aimed at strengthening the plant's
manufacturing capability. We cannot share details at this time,"
GM spokeswoman Jennie Ecclestone said in an emailed statement.
GM had said it would begin construction to expand its Lansing
Delta Township assembly plant in Michigan in a $63 million
project last October.
If the council approves the reinvestment zone on April 14, it
could vote on incentives as soon as April 28, the report said.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Lisa Shumaker)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
|