Lansing City Council on Monday moved forward with supporting a $2.5 billion investment from General Motors Co. for a battery cell manufacturing plant near its Delta Township assembly plant.
Council approved a resolution recommending the formation of a renaissance zone for the development in an application to the Michigan Strategic Fund. Granting a renaissance zone exempts persons and property from taxes levied by the city. This renaissance zone would be in place 18 consecutive years starting in December 2022, or whatever date that’s set by the Michigan Strategic Fund, the governing body of the Michigan Economic Development Corp.