State approves tax breaks for 5 Southeast Michigan businesses

Five Southeast Michigan businesses get tax breaks from the state.

Excerpt:

A $6.4 million Oakland County expansion by Ralco Industries Inc. is moving forward, aided by more than $2.5 million in state tax credits approved Tuesday.

The
expansion is among 15 projects throughout the state, totaling more than
$247 million in investment, to receive tax breaks from the board of the
Michigan Economic Growth Authority.

Ralco, an Auburn
Hills-based supplier of welded assemblies, metal stampings, design,
prototype and tooling for the automotive industry plans to move to a
larger location in Pontiac, creating 108 jobs and retaining 50.

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