Tribune Reports GM Seeks Abatement for Investment in Bedford
From the Kokomo Tribune:
General Motors has proposed investing $27 million at a southern Indiana casting plant for machinery, equipment and tooling needed to produce aluminum engine blocks.
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant's employment to some 650 workers. Bedford Economic Development Commission chairman Patrick Robbins says the tax abatement would save GM $1.9 million over 10 years.
The commission recommended approval of the request Monday. It now goes before the Bedford City Council.
GM plans to start install the new equipment in November and finishing in March 2016.
GM announced last December it planned to invest $29 million in the Bedford plant to make parts for six- and 10-speed transmissions.