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USA - Tax incentives to help 11 economic development efforts

Tax incentives from the state of Michigan are to help 11 economic development projects. Gov. Jennifer Granholm and the Michigan Economic Development Corp. announced the deals.

The companies making announcements include a global automotive supplier locating its first U.S. engineering center and an iron castings company expanding in wind energy.

Projects and incentives include:

• A state tax credit of $7.8 million over 10 years for CareTech Solutions Inc. in Troy that is expected to create 440 jobs.

• Pulte Homes Inc. plans a $10-million expansion in Oakland County that could create up to 350 jobs over several years.

• Illinois based-CAU Acquisition Co. plans to expand its operations in Ithaca, investing $1.6 million and creating 186 jobs.

• EPC- Columbia Inc., a thermal plastic injection molding company, will invest $8 million to launch operations in St. Clair, creating 250 jobs.

• ESI North America Inc., an engineering software and services provider, is investing $4.4 million to expand operations in Bloomfield Hills, creating 110 jobs.

• Carlton Creek Ironworks LLC, a provider of gray and ductile iron commercial castings, plans to expand in Rothbury, investing about $10.3 million and creating 70 jobs.

• Howa USA Holdings Inc. of Japan, specializing in automotive interior products, plans to invest $712,000 in a new research center in Novi, creating 25 jobs.

• A $5.5-million tax credit will help developer Conner Creek Village Development Corp. continue transforming the former St. John Northeast Community Hospital campus in Detroit, creating 25 jobs.

• State and local tax breaks valued at $15.8 million and a state tax credit worth $2 million will support the redevelopment of the former Kirsch Manufacturing plant in Sturgis, creating 600 jobs.

• State and local taxes valued at $282,800 will support the expansion of Rifkin Scrap Iron and Metal Co. in Saginaw, creating 15 jobs.

• State and local tax capture will support the redevelopment of a blighted building in Wyoming, near Grand Rapids, to be used as a work area for Control Tech Manufacturing, creating 20 jobs.

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