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GM Bedford Casting To Invest $12 Million In Plant
Updated October 16, 2016 8:49 AM | Filed under: Business
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(BEDFORD) - GM Bedford Casting plans to invest $12 million in the Bedford plant and will retain 12 employees and create future jobs.

The Bedford City Council approved the 10-year tax abatement for the investment Tuesday, giving the company a tax break on their new investment. The company will receive a 100 percent tax break on its investment the first year, 90 percent the next, then 80 and so on until the 10 years are up.

Under Indiana law, companies direct a portion of the savings to local economic development groups. GM will direct those savings to the Bedford Redevelopment Commission.

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