Tuesday was a very important day for the city of
Arlington. It was the day that General
Motors announced the largest single investment in the history of our city. The table was set by the City Council back in
April when we established a re-investment zone for GM specifically. This allowed an 80% reduction of taxes for
the next 10 years. With that incentive
in place General Motors pulled the trigger on a $1.4 Billion investment in
their plant in Arlington. We are lucky to
be chosen because they decided to close the plant in Shreveport and invest in
Arlington. It could have gone the other way.
This decision is part of GM’s plan to spend $5.3 Billion on
needed upgrades to plant facilities throughout the United States in the next
five years. Arlington is the largest
single investment for GM. The Arlington plant has been running three
shifts in an effort to meet demand for their quality SUV products. Arlington produces 75% of all the
SUV’s purchased in America. The plant
will increase in size by 1.2 million sq/ft.
To put this into perspective AT&T Stadium is 1.0 million sq/ft. This investment is four times the size of the
Toyota headquarters deal in Allen.
Arlington is a General Motors city and it has been for over sixty years. We can be very proud of this accomplishment
for our city. This is a perfect example
of your local government working in
conjunction with a private enterprise in order to bring jobs and revenue to our
city. Thank you General Motors for having
the faith in our community to make the largest investment in our city ever!
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