Tax breaks keep GM in Detroit

4000 people work at Renaissance Center

Updated: Tuesday, 17 Nov 2009, 2:32 PM MST
Published : Tuesday, 17 Nov 2009, 2:30 PM MST

LANSING, Mich. (AP) - General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits.

The Michigan Economic Growth Authority on Tuesday approved extending the tax credits to include workers at GM's Renaissance Center headquarters. A final agreement will be voted on next month.

The agreement says GM must keep 22,500 employees in the state rather than just 20,000 to get tax credits, including around 2,500 in the Renaissance Center. About 4,000 people work there now.

A GM spokesman says how many employees will remain in Detroit is being worked out with state economic development officials, but the number will be "significant."

Employees in marketing and similar areas could be moved to GM's Technical Center in Warren or to other facilities.

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Tax breaks keep GM in Detroit

4000 people work at Renaissance Center

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