(Lansing, Michigan) - The latest round of state tax credits could bring more than $2.3 billion in new investment to Michigan.
Among the projects are White & Green Motors, which plans to manufacture electric and recoil starters for gas engines in Eaton Rapids. The state approved a tax credit worth $1 million over seven years to convince the company to choose Michigan over a competing site in Mexico. White & Green Motors anticipates creating up to 60 jobs initially and up to 122 over the term of the tax credit. An economic analysis conducted by the MEDC estimates the project will create 157 indirect jobs.
Other projects funded through the Michigan Economic Development Corporation include:
*Faurecia – The world’s eighth-largest Tier 1 supplier of automotive components will invest $8.8 million to expand its operations in Fraser. The expansion is expected to create 281 new Michigan jobs, including 82 directly by the company. Based on the MEDC’s recommendation, the MEGA board approved a state tax credit valued at $704,000 over eight years to help convince the company to expand in Michigan over a competing site in Ontario.
*Northern United Brewing LLC – The start up microbrewery plans to manufacture and bottle beer, distilled spirits and wine in Ann Arbor, Dexter and Peninsula Township. The company will invest approximately $5.8 million in the project, which is expected to create 398 new Michigan jobs, including 158 directly by the company. Based on the MEDC’s recommendation, the MEGA board today approved a state tax credit valued at $931,000 over seven years to help convince the company to expand in Michigan over competing sites in Ohio and Indiana.
*ZF Group – The manufacturer and assembler of automotive components and systems sold to various OEMs plans to lease part of the facility that Chrysler has under construction and invest $143.4 million to expand its operations in Marysville. The expansion is expected to create 1,657 new Michigan jobs, including 475 directly by the company. Based on the MEDC’s recommendation, the MEGA board today approved a state tax credit valued at $5.8 million over 10 years to help convince the company to expand in Michigan over competing sites in other states.
*Fisher Coachworks LLC – The producer of ultra light-weight hybrid vehicles plans to invest $7 million to establish a Livonia facility to produce an innovative, fuel-efficient “plug-in” series mass transit bus. The project is expected to create 1,955 new Michigan jobs, including 539 directly by the company. Based on the MEDC’s recommendation, the MEGA board approved a state tax credit valued at $11.3 million to help convince the company to expand in Michigan over a competing site in Tennessee.
*FKA Distributing, d/b/a HoMedics – The world’s leading wellness brand specializing in high-quality home healthcare products plans to invest $11 million to establish a Commerce Township facility to develop new wireless-charging device technology. The project is expected to create 127 new Michigan jobs, including 62 directly by the company. Based on the MEDC’s recommendation, the MEGA board today approved a state tax credit valued at $1.1 million to help convince the company to expand in Michigan over a competing site in New Mexico. Granholm met with company executives in Israel during her investment mission to the country in November to encourage them to expand in Michigan.
* Global Wind Systems Inc. – The start-up wind turbine generation system OEM will invest $32.3 million to locate its first facility in Novi. The project is expected to create 807 new Michigan jobs, including 356 directly by the company. Based on the MEDC’s recommendation, the MEGA board approved a state tax credit valued at approximately $7.3 million over nine years to help convince the company to expand in Michigan over competing sites in Ohio, Iowa and Nebraska.
*Hart & Cooley Inc. - A leading manufacturer of air distribution and vent products for heating, plumbing and air conditioning systems whose product lines include grilles, registers, diffusers, flexible duct, gas vent, chimney system and duct system components plans to invest $3.9 million to consolidate a portion of its U.S. and Canadian operations to its Grand Rapids facility. The project will create 98 new Michigan jobs, including 48 direct jobs. Based on the MEDC’s recommendation, the MEGA board approved a state tax credit valued at $1.3 million over 10 years to help convince the company to expand in Michigan over competing sites in Texas, Colorado, Illinois and Ohio
Other projects include Kongsberg Automotive, Novixus LLC, Golden Rectangle LLC, Scripps Park Associates LLC, Severstal North America Inc and the recently announced Hemlock Semiconductor Corporation expansion in Hemlock.
For more information on the MEDC’s initiatives and programs, visit www.TheMEDC.org.
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