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Big Three automaker announces $119M investment in plant
A Big Three automaker is planning to invest $119 million in a plant in the area and create hundreds of jobs.
General Motors said today it plans to invest in tools and equipment to support production of future vehicle components at its Grand Rapids Operations in Wyoming, at 2100 Burlingame Ave. SW.
The investment will also create an additional 300 jobs at the location.
The plant currently has about 500 employees on three shifts and produces a variety of precision-machined automotive engine components used in Chevrolet, Buick, GMC and Cadillac vehicles.
“This investment in the future recognizes the excellent workforce at Grand Rapids Operations,” said Scott Whybrew, manager, GM North America Manufacturing.
Details about program timing and applications will be released later.
The investment in the GM Components Holdings, LLC plant is part of the $5.4-billion investment in U.S. facilities that GM announced April 30, with about $3 billion identified to date.
Today’s news of 300 new plant jobs represents nearly half of the 650 planned employee additions within GM as part of its $5.4 billion, multi-year investment.
“By working together, UAW members and GM are making a difference in communities across the United States,” said Cindy Estrada, VP, UAW.
In 2011, the Wyoming City Council entered into a personal property tax exemption agreement with GM for the facility, according to Wyoming City Manager Curtis Holt.
“We are glad this has proven to be a beneficial investment on the city’s part and that the abatement will work as designed to promote economic growth and increase capital investment in the city,” Holt said.