Caraco Pharmaceutical Laboratories, a Detroit-based producer of generic
pills, will expand its facility and add 600 employees over the next
five years.
Excerpts:
Caraco has 455 employees, including 85 at a packaging plant in
Farmington Hills. The 600 new manufacturing and research jobs will be
primarily at a 140,000-square-foot expansion of the main Detroit
complex.
In addition to the 600 new Caraco jobs, a University of Michigan
estimate provided to the state said that economic activity generated by
the expansion will create another 1,050 indirect jobs. The expansion
will generate $675 million in income for Michigan workers over the life
of the tax credit, according to the U-M estimate.
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