Michael A. Finney, president and CEO of the Michigan Economic Development Corporation. said MEGA's actions underscored the state's strengths across a number of industry sectors--from IT to healthcare to automotive--and Michigan's attractiveness to companies from around the world.
Particulars of the projects associated with the incentives are:
- Kenersys Americas, LLC, the Germany-based global wind turbine manufacturing company, plans to invest $10.2 million here via a sales/headquarters operation in Troy. and a manufacturing facility (venue to be determined by 2013). Expected number of new jobs: up to 160.
- Summit Health, the leading provider of nationwide on-site wellness programs, plans to invest $11.4 million to establish its headquarters and R&D center in Novi. Expected number of new jobs: up to 252.
- Tianhai Electric North America, a subsidiary of China Auto Electrics Group Ltd., will spend $5.5 million to establish a world headquarters to manage global wire harness business for all non-Chinese based OEM platforms, and relocate its warehouse/distribution operations from Texas to Orion Township. Expected number of new jobs: up to 202.
- A development project by East Lansing Brownfield Redevelopment Authority is expected to create up to five full-time and 50 part-time jobs. Total capital investment: $7.9 million.
- A Grand Rapids Brownfield Redevelopment Authority project is expected to generate $17 million in new investment and create up to 17 jobs.
- A potential redevelopment/expansion of General Motors' Cadillac Building in Warren could create about 25 jobs and generate total capital investment of about $130 million.
For the year to date, the MEGA board has approved agreements to help expand 42 businesses projected to invest $940 million, and create/retain about 9,750 jobs. It also approved eight brownfield redevelopment projects with projected new investment of over $455 million.