Michigan Vies For Chevy Volt Plant

By: Lauren Zakalik Email
By: Lauren Zakalik Email

The invitation's been sent.

Now Michigan's just waiting for GM to RSVP.

"We have offered, and we hope GM takes us up on it, incentives in order for Michigan to be the manufacturer of the Volt electric vehicle," says Governor Jennifer Granholm.

GM's first ever electric car is expected to turn the auto industry upside down. That's why the state's economic powers that be have offered up $122.5 million in tax credits to ensure the revolutionary car is produced in Hamtramck, Flint and other Michigan cities.

"We understand what's at stake here. We put a proposal on the table here, they're shopping around proposals to see where they can get the best opportunity, they have to do that," says Jim Epolito, president of the Michigan Economic Development Corporation, or MEDC.

And shopping around they are, says Rick Zablocki, GM's general director of tax operations. We asked where else besides Michigan is on the Volt's radar.

"For competitive reasons, I can't disclose that," Zablocki says, "but there are a lot of factors considered in the business case. This is an important part of it but not the only one."

Epolito says if Michigan loses this deal, "It's a Michigan company. It'd be a real tough blow to us. In every sector we're growing. This one little thing doesn't define us, at the same time, it's huge to get GM back on track."

"I think it'd be a great story but we have operations around the country as well as around the globe. Sure, our home's in Michigan and it would be an exciting location," Zablocki says.

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