To support its electric vehicle production General Motors Co. plans to expand and upgrade its operations in Marion, Indiana.
The $491 million investment at the Marion Metal Center plant, which provides blanks, stampings and sheet metal assembly to GM assembly plants throughout North America, will be used to renovate and expand its 2.7 million-square-foot campus, adding an additional 6,000 square feet to accommodate increased operations and support the company’s plan to build one million EVs by 2025. Construction and installations are expected to begin this year with expanded operations starting in late 2024.
“While this investment prepares the facility for our All-Electric Future, it’s really an investment in our talented Marion team and will keep the plant working for many years to come,” said Gerald Johnson, GM’s executive vice president of Global Manufacturing and Sustainability during an event at the plant in front of employees and local community leaders. “This investment is another example of the company bringing everyone along and investing in the people who make manufacturing a competitive advantage for GM.”
Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will offer up to $12 million in conditional tax credits and up to $500,000 in training grants based on the company’s job retention and workforce development plans.
The IEDC will offer up to $200,000 in Manufacturing Readiness Grants, which are designed to help companies invest in smart manufacturing and new technologies, and up to $12.5 million in redevelopment tax credits, which provide an incentive to companies to invest in the redevelopment of vacant property to improve the quality of place within Indiana. In addition, the city of Marion will consider additional incentives at the request of the Grant County Economic Growth Council.
“We’re incredibly grateful for the long partnership between Indiana and GM and for their contribution to Indiana’s record-breaking year for committed investment in the state,” noted Indiana Secretary of Commerce Brad Chambers. “Today’s announcement illustrates not just a renewed commitment to the state, but a shared vision for building the economy of the future.”
The company will also add two new press lines and invest in press upgrades and new dies to equip new and future EV models built on the next-generation Ultium Platform, such as the as the Chevrolet Silverado EV, GMC Hummer EV and HUMMER EV SUV, and the Cadillac LYRIQ, supporting increased customer demand.
"General Motors' investment is a reminder of the past and a glimpse of the future," said Charity Bailey, Grant County Economic Growth Council executive director. "Manufacturing in Grant County is strong and so are the people. The future is urging us to be forward thinking and adaptable. GM is entrusting a part of their future to Grant County, and we are grateful. The Grant County Economic Growth Council was happy to orchestrate the local deal by partnering with the city, state and company. We look fondly on GM's history in Grant County and excitedly anticipate the future of the automotive industry for the next 20 years and beyond."
Established in 1956, Marion Metal Center, which employs more than 750 associates, will now play a critical role in accelerating GM’s transition to an all-electric future. The current investments are part of the company’s plans to invest $35 billion in EV and AV through 2025, accelerating its EV production, advancing battery and fuel cell technology through its Ultium battery platform and HYDROTEC fuel cells, and investing in EV charging infrastructure.