Warren encouraging GM to move corporate HQ

[Z-06]

[source: Motor Authority]

Warren encouraging GM to move corporate HQ with tax breaks

Detroit has long been the heart of America's automotive industry, but 2009 has been a major period of upheaval for the city, with further shocks expected to come - including the possibility that General Motors will move its corporate headquarters out of Detroit downtown area and into a neighboring city.

Moving away from Detroit could make sense for a newly restructured GM, especially considering that a bankruptcy proceeding appears to be all but inevitable at this point and relocating the new company could do much for its public image.

One of the new sites being proposed for the GM corporate headquarters is in Warren, Michigan, which neighbors Detroit. Speaking with The Detroit News, the mayor of Warren, Jim Fouts, has revealed that his municipality is planning to offer GM a number of financial incentives to relocate there. These will include significant tax breaks for construction of new offices, as well as lower overall income taxes and reduced crime.

Whether or not GM accepts the offer is anyone's guess, but considering that it already has a bustling development unit in the form of the Warren Technical Center, the new deal could shape up to be one of the company's most viable options.

[BuddyP]

Moving HQ to Warren makes sense. I never really understood why corperate based themselves out of the ren center when the heart of GM was in Warren to begin with.

[Daryl Z71]

This would help GM out, but hurt Detriot, and I don't know if that city can take much more.

[Justin Bimmer]

What is Detroit going to do to keep GM? You know if you want your city to not become the site for Fallout 4, you have to be active!

[FAPTurbo]

You know if you want your city to not become the site for Fallout 4, you have to be active!

[CSpec]

Interesting. I also heard that they might move to their legal HQ of Wilmington, Delaware, but a move to Warren seems to make sense. Detroit is a deathtrap.

[BuddyP]

moving corperate out of D-town won't hurt the city... moving NAIAS out will.