Gov. Announces $658 Million In Investments

Published On: Jan 28 2013 09:42:48 AM EST
Updated On: Aug 20 2008 11:56:17 AM EDT
LANSING, Mich. -

Michigan Governor Jennifer Granholm announced Tuesday more than $650 million in new investments and 9,495 new jobs for the state.

The Michigan Economic Development Corporation is supporting the projects, the governor said.

They include several projects related to the defense industry, which the governor says will help Michigan diversify its economy.

One project involves a retail development that will be anchored by a new Cabela's outdoor store in Wyoming.

The Holland area drew two of the projects and saw a third move from Holland to Zeeland to expand.

Southeast Michigan also got a number of new projects. The Democratic governor and lawmakers this year expanded tax incentives for businesses adding jobs in Michigan.

Granholm says those are helping attract more investment.

Per a news release from the governor?s office, the following companies are involved in the projects and are hiring:

Kelly Services Inc. - The second largest staffing company in the U.S. and fourth largest in the world plans to invest $7.8 million to consolidate several business units into a central location in Troy. The company is also launching a new staffing solution to allow employees to work from home. Combined, the projects are expected to create 572 new jobs at the company over the next seven years. The MEDC estimates that increased economic activity created by the projects will create an additional 243 indirect jobs. Based on the MEDC?s recommendation, the Michigan Economic Growth Authority (MEGA) approved a state tax credit valued at $4.7 million over seven years to win the company?s investment over competing sites in other states. The city of Troy has proposed a combination of services worth $20,000 to support the company?s growth.

Testek Inc. - The designer and builder of custom and production test equipment for the aerospace, automotive, and industrial markets is planning to invest $5.2 million to relocate from Livonia to a larger facility in Lyon Township. The project is expected to create 160 new jobs, including 27 at the company. The MEDC estimates that increased economic activity created by the expansion will generate an additional 133 indirect jobs. Based on the MEDCs recommendation, the MEGA board approved a state tax credit valued at $452,000 over 10 years to win the project over competing sites in other states. Lyon Township is considering a local tax abatement to support the project.

Genzink Steel Supply and Welding Company - The full-service provider of products and services serving local, national and international customers in industries such as mining, alternative energy, gas/oil exploration, rail maintenance, defense and specialty machine building plans to invest $7.9 million in a two-phase expansion at its operations in Holland. The project is expected to create 193 new jobs, including 104 directly by the company. An economic analysis conducted by the MEDC estimates the project will generate an additional 89 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $1.1 million over seven years to help convince the company to invest in Michigan over a competing site in Texas. In addition, the MEDC has approved up to $150,000 in economic development job training funds. The city of Holland is considering abatements worth an estimated $1.08 million to support the expansion. Request Foods Inc. - The co-packer of custom entrees, side dishes and specialty items plans to invest $26.1 million to expand its facility in Holland Twp. The project is expected to create 437 new jobs, including up to 202 jobs directly by the company. An economic analysis conducted by the MEDC estimates the project will generate an additional 235 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $2.5 million over 10 years to help win the project over competing national sites. Holland Township is considering a local tax abatement and additional infrastructure assistance in support of the project.

LeanLogistics Inc. - The leading provider of Web-native Transportation Management Systems and Services was purchased by Australian-based Brambles in March 2008 and operates as a division of Orlando-based CHEP USA (a Brambles company). By leveraging preferred access to CHEP?s customer base, LeanLogistics? pipeline growth and new customer acquisition occurs at a rate impossible individually. Nearly $14 million in capital investments allows LeanLogistics to develop the next-generation of products and services that capitalize on the network capabilities of the Internet, leverage its unique network size and capabilities, and expand to global operations. LeanLogistics will move its operations from Holland to Zeeland and expects to create 1,141 new Michigan Jobs, including 581 directly by the company. An economic analysis conducted by the MEDC estimates LeanLogistics growth will generate an additional 560 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $11.8 million to win the project over a competing site in Florida. The city of Zeeland is considering a 12-year abatement to support the project.

Ricardo Inc. - The eco-innovation technology company and a leading independent provider of technology, product innovation, engineering solutions and strategic consulting to the world's automotive, transport and new energy industries with a skill base representing the state-of-the-art in low emissions and fuel-efficient powertrain technology, is planning to invest $12.3 million to establish a rolling chassis dynamometer facility at its site in Van Buren Township. The project is expected to create 106 new jobs, including 45 directly by the company. An economic analysis conducted by the MEDC estimates the project will generate an additional 61 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $2.2 million over 13 years to help convince the company to invest in Michigan over a competing site in Germany. Van Buren Township is considering abatement worth approximately $182,400 to support the project. This is the company?s second MEGA credit in five months. Last March, the company was approved for a credit valued at $991,000 over 10 years to support the establishment of a battery systems development center for hybrid and electric vehicle battery pack development.

Danotek Motion Technologies LLC - The technology developer and manufacturer of permanent magnet generators, power control electronics and brushless motors for power generation industries and advance automotive applications plans to expand its operation and relocate to Plymouth Township. The new expanded facility would accommodate the manufacture of up to 3 Mega Watt variable speed PM generators for use with wind turbines. The project is expected to create 353 new jobs, including 141 directly by the company. An economic analysis conducted by the MEDC estimates the project will generate an additional 212 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $2.5 million over 10 years to help convince the company to invest in Michigan over a competing site in Indiana. Plymouth Township is considering a local tax abatement to support the project.

Aisin Technical Center of America, Inc. (ATC-A) - The Aisin Group, the sixth largest automotive supplier in the world, is considering expanding its Plymouth Township technical center. Pending company approval, the proposed $8.6-million project could create up to 301 new jobs, including 82 at the company. An economic analysis conducted by the MEDC estimates the project has the potential to generate an additional 219 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $1.3 million over seven years to help convince the company to invest in Michigan over competing sites in other states. Plymouth Township is considering a local abatement to support the project. Business Intelligence Associates Inc. - the New-York-based company that helps organizations manage the collection, transfer and preservation of digital evidence and data, plans to launch new operations in Kalamazoo. The company plans to invest approximately $8 million in the project that is expected to create up to 599 Michigan jobs, including 251 directly by the company, specifically including the hiring of attorneys and paralegals. An economic analysis conducted by the MEDC estimates the project has the potential to generate an additional 348 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $2.7 million over seven years to help convince the company to invest in Michigan over competing sites in New York, California, Washington and Missouri. To support the project, the city of Kalamazoo will provide assistance with recruitment, job placement and job training.

Precision Aerospace Corp. - The Grand Rapids-based aerospace and defense manufacturer is launching a $10.1-million expansion project at its operations in Grand Rapids and Wyoming. The project is expected to create 190 new jobs at the company and an additional 159 spin-off jobs over the next 10 years. Assistance provided by Michigan Economic Development Corporation (MEDC) helped PAC secure new a contract from its largest customer against competing bids from other companies. Based on the MEDC?s recommendation, the MEGA Board today approved a state tax credit valued at $2.5 million over 10 years to secure the company?s investment. To support the expansion, the cities of Grand Rapids and Wyoming have proposed 12-year abatements to support the project.

Terumo Cardiovascular Systems - The subsidiary of Tokyo-based Terumo Corporation manufactures and markets products for cardiac and vascular surgery to hospitals worldwide. Terumo CVS will invest $3.57 million in relocation and expansion of its research and development and manufacturing operations from Tustin, California to Ann Arbor (Scio Township). The project adding 14,000 square feet and a new chemistry lab is expected to create 157 new jobs, including 65 directly by the company. An economic analysis conducted by the MEDC estimates that the project will generate an additional 92 indirect jobs. Based on the MEDC?s recommendation, the Michigan Economic Growth Authority (MEGA) board today approved a state tax credit valued at $855,000 over seven years to win the project over an alternate company site in Maryland. Scio Township anticipates approval of an eight-year tax abatement to support the project.

GDI Infotech Inc. - The Ann Arbor-based Information Integration services and solutions firm has launched a new solutions division. This division is offering new solutions and products for breaking down information silos, building Solid Data Foundation and providing Business Intelligence reports. The project is expected to create 233 new jobs, including 121 directly by GDI. An economic analysis conducted by the MEDC estimates the project will create 112 indirect jobs. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $1.5 million over seven years to win the project over a competing site in North Carolina. The city of Ann Arbor anticipates approval of property tax abatement in support of the project.

Ameriwood Industries - The ready-to-assemble (RTA) furniture manufacturer plans to increase operations at its plant in Dowagiac that were suspended in July 2007. With assistance offered through the Michigan Economic Development Corporation (MEDC), the company plans to invest approximately $3.45 million in the project expected to create up to 182 Michigan jobs, including 100 directly by the company. An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will create 82 indirect Michigan jobs, in addition to the 100 created directly by the company. Based on the MEDC?s recommendation, the MEGA board today approved a state tax credit valued at $695,000 over seven years to win the company?s expansion. Sites in Ohio and Ontario, Canada were also considered for the project. The city of Dowagiac anticipates approval of a 12-year tax abatement to support the project.

Wolverine World Wide Inc. - The footwear manufacturer will produce combat boots for the U.S. Air Force at its facility in Big Rapids. Assistance provided by the MEDC helped the company win the military contract in competition with companies in Georgia, Illinois, North Carolina, Ohio and Oregon. Wolverine plans to invest $5.5 million in the expansion expected to create 212 Michigan jobs, including 115 directly by the company. An economic analysis conducted by the MEDC estimates that increased economic activity created by the new expansion will create 97 indirect Michigan jobs, in addition to the 115 created directly by the company. Based on the MEDC?s recommendation, the MEGA board today approved a defense contract state tax credit valued at $693,000 over seven years to support the project. In addition, the MEDC will provide $100,000 in economic development job training funds to support the project.

Eberspaecher North America - A state brownfield tax credit valued at $7.4 million will support the expansion of the company?s manufacturing facility in Brighton. The $59.8- million project will create 105 new jobs and retain 171 jobs at the company. Gov.r Granholm met with Eberspaecher Group CEO Gunter Baumann at the parent company?s headquarters in Esslinger in 2004 during her five-day investment mission to Germany to help convince German companies to invest and create new jobs in Michigan. At that time, the company announced plans to proceed with Phase 2 of its manufacturing facility in Brighton.

The Orchard Park in Wyoming (Kent County) anchored by a Cabelas outdoor store will be supported by $39.2 million in local and school tax capture approved for developer Walker Orchard Land Partners LLC. The site is a former apple orchard at I-96 and Walker Avenue NW. Upon completion, the $400-million, two-phase project starting with construction of a 125,000-square feet Cabelas store will comprise 1.4 million square feet of retail and 77,600 square feet of restaurant space, 135,000 square of office space, 325 apartments, 114 town homes and condos, a 150-room hotel and water park/resort hotel with 160 rooms. Creation of 3,668 jobs is anticipated.

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