Governor Jennifer Granholm announced that seven companies are getting help to grow in Michigan.The Michigan Economic Development Corporation is helping in the effort. Along with those companies, the MEDC is backing four brownfield developments.Combined, this could bring more than 4,000 jobs to the state. "We are working every day to bring new jobs to Michigan, going anywhere and doing anything to show companies athat we have the tools and the talent to help them grow."
Below is from the Governor's Office:
Companies announcing growth in Michigan.
ESI North America, Inc. – The leading engineering software and services provider for the simulation of prototype and manufacturing processes plans to invest approximately $4.4 million to expand operations at their site in Bloomfield Hills and eventually relocate to a larger facility within Oakland County. The company, ESI North America, uses realistic material physics to provide "as good as real" virtual solutions, in order to replace the lengthy trial and error processes on real prototypes. The company's growth plan is targeted on expanding outside of the automotive industry, and into the aerospace, solar energy, fuel cell and nuclear markets. The proposed expansion is expected to create 226 new Michigan jobs, including 110 directly associated with the company. Based on the MEDC's recommendation, the MEGA board approved a state tax credit valued at $2.8 million on Monday, November 24th. The tax credit was a major factor in convincing the company to expand in Michigan, rather than a competing site in Alabama. In addition, Oakland County is considering providing job training funding to support the project. The MEDC is also offering additional job training funds of up to $50,000 through the Economic Development Job Training program.
Carlton Creek Ironworks, LLC – The leading North American provider of <link http: www.foundry-planet.com _top external-link-new-window>gray and <link http: www.foundry-planet.com _top external-link-new-window>ductile iron commercial <link http: www.foundry-planet.com _top external-link-new-window>castings for construction, marine and machine tool industries plans to expand capacity at its operations in Rothbury to support the production of high-grade ductile windmill iron required by windmill <link http: www.foundry-planet.com _top external-link-new-window>castings. The company will invest approximately $10.3 million in the project, which is expected to create 187 new Michigan jobs, including 70 directly by the company. Based on the MEDC’s recommendation, the MEGA board today approved a state tax credit valued at $1.6 million over 10 years. The village of Rothbury has approved a 12-year tax credit valued at $180,159 to support the project.
Howa USA Holdings, Inc. – The Japan-based company specializing in the development, production and sales of automotive interior products plans to invest approximately $712,000 in a new R&D center in Novi. The R&D center will be the Howa Group's first engineering facility in the U.S. and will also serve as Howa USA's headquarters. Granholm met with company executives in Japan during her investment mission to the country in September to encourage them to expand in Michigan. The project is expected to create 52 new Michigan jobs, including 25 directly by the company. Based on the MEDC’s recommendation, the MEGA board today approved a state tax credit valued at $457,000 over seven years. Oakland County has proposed job training assistance to support the project.
