MEGA tax breaks mean 209 new jobs at three local firms

A trio of generous tax incentives approved by the state
on Tuesday are expected to help create 209 jobs and retain hundreds
more in Metro Detroit.

The Michigan Economic Growth Authority approved tax breaks to Webasto Roof Systems, Ralco Industries and RS Technologies Acquisition Corp.
These breaks range from a 50 percent to 100 percent retention of
employment tax credit over seven years. Another 70 percent
high-technology employment tax credit over seven years was involved,
too.

Auburn Hills-based Ralco Industries plans to move to a
bigger facility in Pontiac, which will serve as its corporate and
manufacturing headquarters, to accommodate its rapid growth. The
supplier of welded assemblies and metal stampings plans to invest $6.8
million in this expansion and hire 108 new people on top of the 50 it
already employs.

“The talent here is exceptional and readily available, but that’s not new news,” says Tom Gitter CEO of Ralco Industries.

Webasto
Roof Systems is the largest North American supplier of sunroof and
panorama roof systems for automobiles. It plans to consolidate its
operations in Metro Detroit, where it employs 490 people in Rochester
Hills, Livonia, and Fenton. That means three new assembly lines in
Rochester Hills and 61 new jobs as part of the $3.6 million investment.

“We have an existing, long established employee base here and we’d like to retain that,” says Ted Zimbo, CEO of Webasto.

Last
but not least is RS Technologies Acquisition Corp. The high-tech
manufacturing firm plans to invest $1.7 million in Farmington Hills,
while creating 41 new jobs. It already employs six people in Metro
Detroit. The company’s products range from portable battery powered
systems to automated laboratory systems.

Source: Tom Gitter, CEO of Ralco Industries and Ted Zimbo, CEO of Webasto
Writer: Jon Zemke and Ivy Hughes