Wentzville Offers Tax Incentives for New GM Production
WENTZVILLE (KMOX) – City Council members Wednesday night unanimously approved property tax incentives for General Motors to bring new vehicle production to town.
The expansion of the current plant, which assembles full-size vans, would bring an additional 2,000 jobs to the west St. Charles County town.
Council members agreed to exempt G.M. from paying most property taxes, for ten years, on $300 million in potential investment.
Mayor Paul Lambi says Wentzville is competing against 17 other plants in 7 states, although as many as 30 plants might be in the running.
“So there’s going to be some plants which are left out,” he says.
It should be several months before the site of the new production is announced. Reports are that it would be a new vehicle, not currently made anywhere else.
“It’s like a Rocky story,” Lambi says of the ailing automotive industry which has almost abandoned the St. Louis area. “They’re battling back, like the defeated champ. They’re back in the ring. They’re fighting.
“They’re a world-class company bringing jobs back to America.”
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