Detroit Offers Tax Breaks To Keep GM Headquarters

MACKINAC ISLAND, Mich. (AP) -- Detroit Mayor Dave Bing and Wayne County Executive Robert Ficano are offering tax incentives to encourage General Motors Corp. to keep its headquarters in the downtown Renaissance Center.

Bing and Ficano announced the plan Friday during the Detroit Regional Chamber's annual policy conference on Mackinac Island. It would create a "renaissance zone" with breaks on a variety of taxes, including levies on personal and real property, income and utilities.

It's meant to counter a move by Warren Mayor Jim Fouts to lure the automaker's headquarters to its Warren Tech Center in the Detroit suburbs with a 30-year tax abatement.

GM's CEO, Fritz Henderson, said earlier this month he hadn't ruled out a move to Warren but that it wasn't a top priority.

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