The Michigan Economic Growth Authority has approved a series of tax incentives for Ford and Chrysler, and expanded on previously approved incentives for General Motors. Between a tax break for General Motors engineered to build a 900-job electric vehicle battery facility in Warren and another to keep 4000 people at work in the companys headquarters we are looking at a great amount of incentives. According to the Detroit Free Press, there is a potention $757 million in potential tax breaks for the automaker to keep around 30,000 people at work.. Ford and Chrysler are also getting sweet deals. Ford was given a 15-year $909 million credit in order to retain 28000 workers. Around $414 million of that credit is geared toward helping Ford pump $850 million into a number of plants spread around Michigan. Chrysler got the best deal of the three. They were offered $1.3 billion in incentives over 20 years to keep 20,000 workers. The breaks include everything from upgrades to the company's Sterling Heights facility.
In total the incentives are worth over $2 billion and will create over 2,100 new jobs and retain another 216,000 current jobs. Of the 1200 new jobs for Ford about 300 will be additional salaried engineers. The 900 hourly positions will include workers on recall, new workers, and workers transferring from different, over-staffed plants. Chrysler has not announced any new job prospects as of yet, but a shift of 900 workers is expected to be added in Sterling Heights to build the new 2011 Chrysler 200. GM plans to add 900 jobs at the Warren Techinical Center for hybrid and electric vehicle programs and 150 jobs at its Brownstown Township plant that assembles battery packs for the Chevrolet Volt.