What the Governor’s Talking about
Today
Tuesday, April 20,
2010
Governor Announces
Almost 15,800 New Jobs for Michigan
The governor today announced that the Michigan Economic
Development Corporation is helping nine companies grow in Michigan and backing a
brownfield redevelopment project. Combined, the 10 projects are expected
to create 15,795 new jobs (8,133 direct), retain 1,493 total jobs and generate
$128 million in new investment in the state.
The companies
planning expansions in Michigan represent a diverse cross section of
traditional and high-tech sectors from metal stamping to pharmaceuticals to
aerospace.
The Michigan Economic Growth Authority (MEGA) board
today approved incentives to win the following projects for Michigan over competing
states and countries:
- The Minacs Group
USA — The provider of marketing solutions and business support services
focused on Fortune 500 companies plans to invest $11 million to expand in a
new facility in Southfield.
- Aeroflex/Inmet —
The designer, manufacturer and marketer of microelectronic components used in
a wide variety of wireless communications applications plans to invest $3
million to expand its Scio Township operations to house a product line
currently made in New Jersey.
- Diplomat Specialty
Pharmacy — One of the nation’s largest, privately-held specialty pharmacy
offering dispensing and delivery services, patient call-center support and
patient database management plans to invest $12 million to consolidate and
expand in Flint.
- GalaxE. Solutions
Inc. — The New Jersey-based IT provider in the business of developing and
modifying software, particularly in the health care, retail and financial
services industries, plans to invest $4.2 million to expand its U.S. presence
in Detroit.
- Lenawee Stamping —
The producer of metal stamping and welded fabrications for the automotive
industry plans to invest $2.5 million to expand its Tecumseh facility to
accommodate new GM programs.
- Magna Holdings of
America — The designer, developer and manufacturer of automotive components
and systems plans to invest $49.2 million to expand its manufacturing,
engineering and product-testing operations in Michigan, including sites in Auburn Hills, Troy, Lansing and
Shelby
Township.
- Parker Hannifin —
The global corporation that engineers and produces products and technology in
numerous industries, including aerospace and electromechanicals, plans to
invest $15.5 million in its Kalamazoo facility to accommodate new work in
hydraulic systems in many new aircraft models.
- PSCU Holding
Services — The financial service provider to credit unions across the country
plans to invest up to $12 million to expand its software development, sales
and technology-based call center and related support services in Auburn
Hills.
- Tenneco Automotive
— The manufacturer of automotive emission and ride control products plans to
invest up to $15.6 million to expand to make next-generation emissions
products for light-duty and commercial vehicles in Litchfield, Marshall, Grass
Lake and Monroe.
- City of Grand Rapids – State and
local tax capture valued at $296,187 and a Brownfield MBT worth $556,000 will
support the redevelopment of three vacant buildings on Cherry Street and
Lake
Drive, and construction of two new LEED buildings
that will encompass a mixed-use development with residential,
commercial/retail and light industrial
space.
Key
messages:
- Our aggressive
diversification strategy is paying off. Very few places have the one-two
punch of a competitive business climate and highly-skilled workforce like
Michigan
that can attract new investment and jobs from companies competing across a
wide spectrum of industries.
- The projects
announced today are the result of successful collaboration and teamwork with
our economic development partners around the state. We were able to win
the projects over other states and countries thanks, in part, to our diverse
economic toolbox.
- Since January
2010, nearly 45,600 new and retained jobs have been announced as a result of
the MEGA program.
Governor Attends
Groundbreaking for Toda America in Battle Creek
The governor today participated in a groundbreaking
ceremony for the new Toda America cathode material manufacturing facility
in Battle Creek that Michigan won over South Carolina.
In
March, the Michigan Economic Growth Authority (MEGA) board approved
key incentives to move the previously-announced project forward: a brownfield
tax credit valued at $7.9 million as well as a federal contracting Michigan
Business Tax credit which has a projected value of $395,000. Last
November, Toda was approved for a state tax credit of $1.6 million over 12 years
to encourage the company to invest $70.1 million in a new cathode material
manufacturing facility in Battle
Creek in support of the lithium-ion battery industry.
The two-phase project, when complete, will
have capacity to supply cathode materials to build batteries for hundreds of
thousands of HEV, PHEV and BEVs. The project is expected to create 148
total jobs, including 57 directly by the company and 91 indirect jobs. The
company has also been awarded a $35-million U.S. Department of Energy
grant.
Key
messages:
- Toda’s Battle Creek facility is the result of the governor’s
overseas investment mission to Japan last fall. Toda’s
decision to locate here affirms Michigan’s growing stature as a center for
new energy manufacturing.
- Business
investment in advanced energy storage in Michigan exceeds $5.7 billion, and a
pipeline of opportunities could drive that total even
higher.
- The advantage Toda
gains by locating in Michigan is a culture of manufacturing
know-how, a strong work ethic, and national leadership in research and
development.
- No state can match
Michigan’s
clean energy initiatives of recent years. Michigan, long the
center of American automobile production, is poised to lead a revitalized
industry as it enters the new age of vehicle electrification.
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