GM received $3.8 billion in tax credits from Michigan to keep jobs, automaker reveals

GM received $3.8 billion in tax credits from Michigan to keep jobs, automaker reveals
car by cassandra correa is licensed under Unsplash unsplash.com
General Motors received a $3.8 billion tax credit from Michigan after it filed for bankruptcy in 2009 and during the Great Recession. 

That revelation took a decade and a state Supreme Court ruling on a public records request to happen, but on Friday, GM finally revealed the amount of its credit.

GM originally accepted a $3.8 billion cap through the Michigan Economic Growth Authority (MEGA) program to cover 2010-2029, Liz Winter, senior communications manager, told the Detroit Free Press in an email.
car by cassandra correa is licensed under Unsplash unsplash.com

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