GM Breaks Ground for Electric Motor Plant in Maryland Due to Demand in Electric and Hybrid Vehicles
05/22/2011
Anticipated need for ramped-up production of economical electric and hybrid vehicles in the near future prompted the project's development. The Detroit-based automaker (the second-largest after Toyota), has said that hybrids and other advanced technologies are key to its future.
Sizable federal, state and Baltimore County subsidies are helping the automaker build the new plant according to a story by The Baltimore Sun. GM's investment is nearly $129 million; while the U.S. Department of Energy is investing $105 million, the county is providing $6 million in grant monies, and the state is providing $4.5 million in grants for job training help and economic development.
The new "next-generation" electric motor facility will be located next store to GM's existing White Marsh plant whose 206 employees have been producing award-winning transmissions for a decade.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024