Covering The Economy

Apr 3, 2011 3:49 PM

Panel Approves Incentives for Possible GM Project

BOWLING GREEN, Ky. (AP) - A state panel has approved tax incentives for a possible expansion at the General Motors assembly plant in Bowling Green.

The Kentucky Economic Development Finance Authority approved offering $7.5 million in tax breaks if the plant, which makes Corvettes, goes forward with the $131 million project.

Kentucky Cabinet for Economic Development spokeswoman Mandy Lambert told the Daily News of Bowling Green that the approval "outlines the state's support for the project, should it happen."

Local GM spokeswoman Andrea Hales said the company is looking at other sites for possible investment and there is no pending announcement.

United Auto Workers Local 2164 President Eldon Renaud told the Lexington Herald-Leader that he thinks the project could be the next generation of the Corvette.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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