Automotive

GM’s remaining Mich. tax credits valued at $2.27 billion after $325 million reduction

The automaker agreed to voluntarily reduce the remaining value of its state tax credits from $2.6 billion is part of a deal that will require the company to maintain an in-state workforce of at least 34,750 and invest $3.5 billion in Michigan facilities by 2029.

source https://www.autonews.com/automakers-suppliers/gms-remaining-mich-tax-credits-valued-227-billion-after-325-million-reduction