Region
Second Wave - Michigan
Capital Gains - Lansing
Catalyst Midland
Concentrate - Ann Arbor/Ypsi
Epicenter - Mount Pleasant
Route Bay City
Rural Innovation Exchange
Southwest Michigan
UPword - UP
The Keel - Port Huron
The Lakeshore
Metromode - Metro Detroit
Flintside - Flint
Model D - Detroit
Rapid Growth - Grand Rapids
Focus Areas
Arts and Culture
Community Development
Diversity
Economic Development
Entrepreneurship
Healthy Communities
Kids and Education
Sustainability
Technology and Innovation
Transportation
Cities
Ann Arbor
Berkley
Birmingham
Dearborn
Detroit
Ecorse
Farmington
Ferndale
Grosse Pointe
Hamtramck
Hazel Park
Mt. Clemens
Northville
Oak Park
Plymouth
Pontiac
Port Huron
Rochester
Roseville
Royal Oak
Sterling Heights
Village of Franklin
Wyandotte
Ypsilanti
Series
Metromode
Block by Block
City Dive
Community Redistricting
COVID19
Culture of Health
Detroit Driven
Dining Destinations
Early Education Matters
Equity in our Parks
Ethnic Markets
Exploring Economic Equity
Girl Scouts SE Michigan Team Up
Inside our Outdoors
Invasive Species
Live, Work, Play in Macomb!
Macomb Parks & Trails
On The Ground
One Detroit
Sterling Heights Innovation District
Voices
Statewide
Areas of Concern
Block by Block
Bridging the Talent Gap
COVID19
Cyber Security
Disability Inclusion
Early Education Matters
Forestry
Girl Scouts SE Michigan Team Up
Good Food
Greater Lakes
Inside our Outdoors
Invasive Species
MI Mental Health
Michigan Nightlight
Michigan's Agricultural Future
Michigan's State of Health Podcast
Nonprofit Journal Project
Preserving Michigan
State of Health
Stories of Change
Voices of Youth
Yours, Mine, & Ours - Public Health
Toggle navigation
Focus Areas
Arts and Culture
Community Development
Diversity
Economic Development
Entrepreneurship
Healthy Communities
Kids and Education
Sustainability
Technology and Innovation
Transportation
Cities
Ann Arbor
Berkley
Birmingham
Dearborn
Detroit
Ecorse
Farmington
Ferndale
Grosse Pointe
Hamtramck
Hazel Park
Mt. Clemens
Northville
Oak Park
Plymouth
Pontiac
Port Huron
Rochester
Roseville
Royal Oak
Sterling Heights
Village of Franklin
Wyandotte
Ypsilanti
Series
Metromode
Block by Block
City Dive
Community Redistricting
COVID19
Culture of Health
Detroit Driven
Dining Destinations
Early Education Matters
Equity in our Parks
Ethnic Markets
Exploring Economic Equity
Girl Scouts SE Michigan Team Up
Inside our Outdoors
Invasive Species
Live, Work, Play in Macomb!
Macomb Parks & Trails
On The Ground
One Detroit
Sterling Heights Innovation District
Voices
Statewide
Areas of Concern
Block by Block
Bridging the Talent Gap
COVID19
Cyber Security
Disability Inclusion
Early Education Matters
Forestry
Girl Scouts SE Michigan Team Up
Good Food
Greater Lakes
Inside our Outdoors
Invasive Species
MI Mental Health
Michigan Nightlight
Michigan's Agricultural Future
Michigan's State of Health Podcast
Nonprofit Journal Project
Preserving Michigan
State of Health
Stories of Change
Voices of Youth
Yours, Mine, & Ours - Public Health
About
Contact
Metro Detroit takes lion's share of latest MEDC deals
Thursday, January 21, 2010
| Source:
metromode
Share
Metro Detroit is taking more than its share this time around when it comes to business-attracting, job-creating tax incentives.
The
Michigan Economic Development Corp
announced seven deals earlier this week. Five of those, and one brownfield redevelopment, are in Metro Detroit, representing 1,125 jobs and $24.8 million in investment. The projects are as follows:
- Troy-based
ilumisys
plans to spend $7.4 million to ramp up its research and development and manufacturing of its LED light technology. The
Altair Engineering
spin-off expects to create 213 new jobs in Troy after considering sites in China and Ontario. To make this happen, state officials approved a 12-year tax abatement worth $4 million.
- Fiat subsidiary
Magneti Marelli Holding USA
will consolidate its Michigan operations into one facility in Auburn Hills, an investment worth $4.5 million. The plan is to create 200 new jobs here instead of in competing sites in Tennessee and North Carolina. The state approved $4 million in tax abatements as part of the deal and Auburn Hills is also considering an abatement for the project.
-
Colwell & Salmon Communications
, which provides inbound and outbound contact services to Fortune 500 companies, is making plans to expand in Livonia. A $1.3 million tax abatement over four years (Livonia is also working on its own tax break for the company) helped the firm give the go ahead to invest $4.9 million to expand its current Livonia call center, a move that is expected to create 502 jobs.
- Livonia wins again now that
Quality Metalcraft
, an automotive engineering firm, plans to spend $1.7 million to design and manufacture
aerodynamic fairings
. That should equal 64 new jobs and $455,648 in tax breaks over five years.
- Troy gets another deal now that
AxleTech
(think axles, brakes, etc.) expects to retain 415 jobs and create 107 new jobs from a $5.4 million investment. The firm plans to consolidate four facilities into one in Troy. The MEDC negotiated a $1 million state tax credit (Troy is working out a $35,404 abatement) to make this happen in Michigan instead of Wisconsin.
Source: Michigan Economic Development Corp
Writer: Jon Zemke
Enjoy this story?
Sign up
for free solutions-based reporting in your inbox each week.
Share
Related Tags
Automotive
,
Engineering
,
Government
,
Investment
,
Manufacturing
,
Oakland County
,
Wayne County
Recommended Content
Across Our Network
The 906 Adventure Team program teaches life skills with mountain bikes and more
Source: Upword - UP
How 42 Memphis restaurants came together to help raise funds for Meals on Wheels
Source: High Ground
Griskie Farms continuing the small farm legacy in challenging times
Source: The Keel
Meet Cory Krueckeberg, the Fort Wayne-born filmmaker behind the feature film ‘Glitter & Doom’
Source: Input Fort Wayne