GM to get $1.12M incentive for Chandler IT center

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Associated Press

Posted on March 18, 2013 at 1:06 PM

Updated Monday, Mar 18 at 1:06 PM

PHOENIX (AP) — Chandler has approved an agreement to pay General Motors a more than $1 million incentive to bring its Information Technology Innovation Center to the city.

The company announced March 6 that it will locate its fourth IT Innovation Center in Chandler.

Under the agreement, Chandler will pay GM as much as $1.12 million over five years based on the number of full-time jobs the company creates.

The Arizona Republic (http://bit.ly/Wz1EsI) says Chandler expects the GM center to create $2.2 million in new revenue over five years.

General Motors is expected to build an approximately 150,000-square-foot building near the northeastern corner of Loops 101 and 202 by Feb. 1.

Until that building is completed, GM is expected to work out of a temporary space. Hiring is expected to begin in April.

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Information from: The Arizona Republic, http://www.azcentral.com

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