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