>> Friday, May 29, 2009
Yesterday, Warren Mayor Jim Fouts made an offer to GM CEO Fritz Henderson offering the company long-term tax incentives to move its headquarters from the Renaissance Center in Detroit to the GM Tech Center in Warren.
Now, Wayne County Executive Robert Ficano and Detroit Mayor Dave Bing are doing all he can to keep GM in Detroit. Bing and Ficano announced today that Detroit will offer GM big tax breaks that come with a “renaissance zone” designation to stay in Detroit.
“So in their bankruptcy case, they can say now they have a business case to stay at the GM building,” Ficano told Automotive news. “We got together and asked what tools we have in our toolbox to tell the rest of the world that we’re really open for business.”
Bing even wrote a letter to President Barack Obama urging him to ensure that GM stays in the Renaissance Center and that the city isn’t gutted.
“The possibility of General Motor’s headquarters leaving Detroit would have a devastating effect on not only the surrounding business community, but our residents, our economic viability and the overall turnaround of the city of Detroit,” he wrote to Obama.
- By: The Daily Auto Editor
Source: Free Press