ARLINGTON (CBSDFW.COM/KRLD) – The Arlington General Motors plant may get a tax break that could bring a major plant expansion.
Monday night the Arlington City Council is set to vote on whether or not to give GM a tax break as incentive for the company to pick the Arlington plant for expansion.
The tax break would include a 90-percent tax abatement.
“Our potential plans call for an approximate $250 million investment in machinery, tooling and equipment and an expansion of the existing body shop facility,” plant manager Paul Graham said last week during a Tarrant County Commissioner’s Court meeting. “The investment has the potential also to add 110 jobs.”
If the Arlington council approves the tax break it would save GM more than a million dollars a year. But Graham stressed, “It is important to note the that final determination will be based on the overall business case for the project.”
Supporters of the tax break say the $13.5 million expansion would put the Arlington plant in a position to “build the next generation of SUVs.”
There is competition within GM to win the plant expansion.
The GM Arlington plant has more than 2,300 employees.