General Motors in the midst of selling its Hummer brand to a Chinese company and Michigan really wants to keep the brand local. Sichuan Tengzhong Heavy Industrial Machinery Co., plans to invest up to $9.4 million into a new HQ located in either Detroit or Auburn Hills in light of the Michigan Economic Authority’s approval on Tuesday of $20.6 million in state tax credits should the sale go through.
A final location on the facility is expected by October 31. The new headquarters will house staff working on design, engineering finance, purchasing, sales, service, and marketing, and is expected to create approximately 300 jobs directly, and another 640 indirectly. The average weekly wage of the created jobs is expected to be over $2,600.
So far, both Detroit and Auburn Hills ave. indicated willingness to offer property ax abatement for the new building.
– By: Stephen Calogera
Source: Free Press