GM Continues to Bank on Bedford

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General Motors Co. (NYSE: GM) is seeking tax abatement on its fourth major expansion in Bedford in three years. The auto manufacturer is looking to pump $27 million into the facility and add more than three dozen jobs. The move follows a $29 million plan announced in December to beef up the Lawrence County operation. Bedford Mayor Shawna Girgis tells Inside INdiana Business the city has been hammering out details of the proposal with GM, including potential incentives, since last month. The factory currently employs around 600 workers, which produce 6- and 10-speed transmission components at the plant.

The proposal is expected to go before the city council August 12.

In 2011, GM announced expansions in consecutive months totaling $80 million.

Source: Inside INdiana Business