GM gets tax break to stay in Detroit headquarters

November 18, 2009

LANSING, Mich. - General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits approved Tuesday. The Michigan Economic Growth Authority gave the go-ahead to extend tax credits the company won in June for agreeing to build a new small car at its Orion Township plant near Pontiac. The tax credits now cover some workers at GM's Renaissance Center headquarters in downtown Detroit. The new agreement says GM must keep 22,500 employees in the state rather than just 20,000 to get the tax credits.

- Associated Press

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