Governor Jennifer Granholm's third visit to Germany to stir up investment has so far netted the state 140 new jobs.
EDAG Engineering and Design will invest $7 million into its Auburn Hills and Troy facilities, which already employ 266.
The German-based company
is one of the world’s largest independent engineering and development companies, specializing in product development, manufacturing equipment, production and aerospace. "EDAG is exactly the kind of high tech company that will revitalize our economy and create good jobs for our workers," Granholm said in a statement. "Their decision to expand in Michigan is a testament to our first-class workforce and will help us continue to be a leader in manufacturing innovation and automotive research and development."On the same trip, which followed a three-day visit to Sweden, Granholm also talked up Michigan to
Behr-Hella Thermocontrol of Plymouth and Maschinenfabrik Spaichingen (MS Welders) of Fowlerville; both automotive suppliers are contemplating growing their Michigan presence.
The Governor also met with ersol Solar Energy AG, one of Germany’s leading photovoltaic companies, to convince the company to establish Michigan operations. There are currently more than 300 German companies in the state employing 170,000 workers.
A major tool in the Governor's belt is the new Michigan Business Tax, which goes into effect January 1. The MBT will benefit 70 percent of Michigan's businesses by providing tax credits to companies that locate or expand operations in the state.
Source: MEDC
Writer: Kelli B. Kavanaugh
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