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!