GRAND RAPIDS, Mich. (WOOD) — An auto supplier has agreed to repay incentives it took from the city of Grand Rapids months before it moved out.
According to city documents, Benteler Automotive has reached a deal with Grand Rapids officials to reimburse city tax credits and abatements it took less than a year before moving out of its Hall Street facility in 2013.
The incentives were aimed at helping the company grow. Instead, Benteler Automotive ended up laying off or moving 220 employees to its other plants, including those in Wyoming, Holland and Galesburg.
Under the agreement, Benteler Automotive would repay $167,000 for street reconstruction costs and $51,298 in tax benefits.
Grand Rapids city commissioners will consider the deal during their meeting Tuesday.