Essen Instruments expands into research, plans to hire 40

Thursday, May 21, 2009 | Source: Concentrate

The people behind Essen Instruments decided to not go west and instead create jobs here in Ann Arbor.

Excerpt:

It would have been easy for Ann Arbor-based Essen Instruments to skip town. Many of its customers are headquartered in the San Francisco Bay area. And there's more venture capital that could help the promising start-up to grow.

"There were a lot of things that were pulling us toward California," says Brad Naegle, a spokesman for Essen Instruments.

The 10-year-old firm decided to stick to its roots and expand in Michigan while taking advantage of a $490,940 tax credit over seven years from the Michigan Economic Development Corporation. That will allow the life sciences company to invest $3 million in Ann Arbor while creating 43 new jobs over five years.

Read the rest of the story here.