The governor announced on Wednesday, General Motors will invest $334 million in Buffalo and Rochester area plants. Most of the monies will go to Tonawanda and Lockport but some is slated for Rochester.
On Wednesday, Governor Andrew Cuomo announced that General Motors will invest $334 million in new machinery and equipment at its Tonawanda, Lockport and Rochester plants.
The project will support 67 new jobs in Tonawanda and retain 1,194 positions at the three plants. Empire State Development will provide up to $7 million in capital grants and Excelsior Tax Credits in return for job and investment commitments to move the project forward. General Motors maintains 4,200 total manufacturing jobs in New York State.
“For generations, General Motors has been an important economic engine in New York, providing world-class products to the global market and good-paying jobs to New Yorkers,” Governor Cuomo said. “By reinforcing our important partnership with GM, we are not only helping to grow its operations, but building on its legacy in New York."
At the GM Tonawanda Engine plant, approximately $295.9 million will be spent by General Motors on equipment for future engine production. At the GM Rochester Components Holdings (GMCH) plant, approximately $5.9 million will be spent on future powertrain components and $31.86 million will be invested into the GMCH Lockport plant for future cooling components.
The projects are expected to be complete in December 2018.