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GM Tech Center expansion worth nearly $1B?
The expansion is expected to add approximately 2,600 job over the next few years.
General Motors is reportedly planning to announce additional details surrounding its Warren Tech Center expansion.
The new construction, renovation of existing buildings, parking expansion and other projects are expected to require investments worth nearly $1 billion, unnamed sources have told The Detroit News.
The company is said to be modernizing the campus, which includes many buildings that date back more than half a century. More than 19,000 GM employees and contractors already work at the site. The expansion is expected to retain 3,800 employees, likely transplanted from other facilities, and create 2,600 new jobs over the next few years.
The revamped tech center is said to be focused on attracting talent in the vehicle development, engineering and information technology fields, providing a centralized headquarters to help improve collaboration and streamline operations.
Previous reports had suggested the project was awaiting final approval pending incentive negotiations with local officials. The Warren City Council reportedly approved a 50-percent tax abatement, potentially saving GM up to $97 million in property taxes.
Additional details are expected to be confirmed at a press event on Thursday.