General Motors to invest $90M in Marion Metal Center
General Motors Company announced plans to invest more than $90 million to expand its operations in Grant County, Indiana on Monday.
According to the company, the investment will be used to update and add equipment at the Marion Metal Center plant’s 2.7 million square foot campus.
The equipment is expected to enhance the facility’s process capability and flexibility, requiring new dies, die alterations, and cranes to move the dies.
Governor Mike Pence says Indiana continues to be a global leader in the manufacturing industry.
“The multimillion dollar investment in Indiana reaffirms that our pro-growth business environment, low taxes, limited regulations, and skilled workforce continue to be a winning formula for companies.” says Pence.
Officials say The Indiana Economic Development Corporation offered General Motors up to $100,000 in training grants based on the company's economic development plans.
The county approved additional incentives at the request of Grant County Economic Growth Council.
“We are excited to have General Motors demonstrate their confidence in our community’s bright future. We enjoyed the opportunity to collaborate with General Motors, the Indiana Economic Development Corporation and the Grant County Economic Growth Council in making this investment a reality.” said Jess Alumbaugh, Marion Mayor.
According to the company, all installations and updates are expected to be completed by 2017.