Orion Township, Michigan officials on Tuesday approved a tax abatement for a proposed $1.3 billion investment by General Motors Co. to build electric vehicles at its Orion Assembly plant in Lake Orion.
GM requested the maximum period permitted for the tax abatement: 12 years, plus three years during the construction phase for the investment, which is expected to lead to the creation or retention of 2,000 jobs, GM said in its tax abatement application, which The Detroit News previously obtained. Property improvements would start in July, the application said.
"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. I'm not going to speculate on GM leadership making a final determination on the business case under development."
