State OKs tax capture for Aptiv’s creation of advanced-safety engineering center in Troy

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Aptiv PLC will get to keep up to $30.7 million of its employees’ tax withholdings by creating 500 new jobs at its Troy headquarters.

The Michigan Strategic Fund approved the 10-year Good Jobs for Michigan tax capture for the autonomous-vehicle technology supplier, allowing the company to keep the income tax withholdings for 500 new engineers, support staff and electronic labs technicians as part of the relocation. Aptiv is expected to invest between $20 million and $30 million on the project.

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