Granholm Announces Over 4,000 New Jobs Planned for Michigan

LANSING Governor Jennifer M. Granholm today
announced that the Michigan Economic Development Corporation (MEDC) is helping
seven companies grow in Michiganand is backing four brownfield redevelopment projects.  Combined, the 11
projects are expected to create 4,024 new jobs, retain 61 jobs and generate
over $130 million in new investment in the state. 

“We are working everyday to bring new jobs to Michigan, going anywhere
and doing anything to show companies that we have the tools and talent to help
them grow,” Granholm said. “The companies making announcements today,
from a global automotive supplier locating its first U.S. engineering center here to an
iron castings company expanding in the wind energy sector, highlight the impact
of our aggressive economic diversification plan.”

 “Successful collaboration and teamwork between
the state and our economic development partners were keys in bringing these
projects to Michiganagainst some very intense national and international competition,” MEDC
President and CEO James C. Epolito said. “I applaud all of the communities
who stepped up to the plate and helped us make the strongest business cases
possible.”   

The four OaklandCounty projects announced
today are:

  • CareTech
    Solutions, Inc. — The provider of information technology services to the
    health care industry plans to invest approximately $28 million to expand
    its headquarters and build a new data center in Troy. The expansion is expected to
    create 838 new Michigan
    jobs, including 440 directly by the company.  Based on the MEDC’s
    recommendation, the Michigan Economic Growth Authority (MEGA) board today
    approved a state tax credit valued at $7.8 million over 10 years to help
    convince the company to expand in Michigan
    over a competing site in Ohio. OaklandCounty is considering job training
    funding to support the project.
  • Pulte
    Homes, Inc. — The Michigan-based company, one of the nation’s largest
    homebuilding companies with operations in 50 markets and 27 states, plans
    to invest approximately $10 million to expand operations in OaklandCounty. The project, which involves
    creating a national financial services center to consolidate much of the
    company’s accounting back office functions into one location, is expected
    to create up to 682 new Michigan jobs, including as many as 350 directly
    by the company over the next several years.  Based on the MEDC’s
    recommendation, the MEGA board today approved a state tax credit valued at
    approximately $10.1 million over 12 years to help convince the company to
    bring the project to Michigan over competing sites in other states.  Oakland County Michigan Works
    has proposed providing employee training to support the project. In
    addition, the MEDC is considering up to $100,000 through the Economic
    Development Job Training program.
  • 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, OaklandCounty 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.
  • 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.
     OaklandCounty has proposed
    job training assistance to support the project.

In her 2008 State of the State address,
Granholm emphasized the importance of creating opportunity in the
changing world of the 21st century.  Since January 2005, the governor and
the MEDC have announced the creation or retention of more than 290,000
jobs as a result of targeted assistance provided by the MEDC.   

The Michigan Economic Development Corporation, a partnership
between the state and local communities, promotes smart economic growth by
developing strategies and providing services to create and retain good jobs and
a high quality of life.  For more information on the MEDC’s initiatives
and programs, visit the Web site at www.TheMEDC.org.