BEDFORD – General Motors has proposed investing $27 million at a southern Indiana casting plant for machinery, equipment and tooling needed to produce aluminum engine blocks.
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant’s employment to about 650 workers.
Bedford Economic Development Commission chairman Patrick Robbins said the tax abatement would save GM $1.9 million during a 10-year period.
The Times-Mail reported (http://bit.ly/1nuab86 ) the commission recommended approval of the request Monday. It now goes before the Bedford City Council.
GM plans to start installing the new equipment in November and finishing in March 2016.