HUMMERHUMMER
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Posted: Sept. 23, 2009
Hummer to invest $9.4 million in Michigan offices
Tax credits contingent on closing of sale
BY TIM HIGGINS
FREE PRESS BUSINESS WRITER
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Hummer, as part of a Chinese company, plans to invest up to $9.4 million in a new headquarters located either in Detroit or Auburn Hills, state records showed Tuesday.
The Michigan Economic Growth Authority on Tuesday approved $20.6 million in state tax credits for Hummer LLC's project, beating out sites in Louisiana, Tennessee and South Carolina.
General Motors is working to sell the Hummer division to China's Sichuan Tengzhong Heavy Industrial Machinery Co., as part of its restructuring plan.
The tax credits are contingent upon the closing of the Hummer sale.
"GM and Tengzhong are making good progress on the negotiations for the definitive agreement," Hummer spokesman Nick Richards said.
He declined to say where the facility might be located.
A final location decision is expected by Oct. 31, according to the Michigan Economic Development Corp.
The headquarters will house staff working on design, engineering finance, purchasing, sales, service and marketing.
The project is expected to create 300 direct jobs and about 640 indirect jobs.
The average weekly wage of the Hummer jobs is expected to be $2,605, state records said.
Detroit and Auburn Hills officials have indicated that they would provide property tax abatement, according to the MEDC.
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