Southeast Michigan takes in lion's share of MEDC investment

Thursday, February 19, 2009 | Source: metromode
Southeast Michigan is walking away with most of the most from the latest round of investment announcements from the Michigan Economic Development Authority.

Metro Detroit took in $135.1 million of the $162 million earmarked for
investment. That money is expected to create about 1,359 jobs over the next decade. All at the cost of $15.8 million in tax credits granted by the Michigan Economic Growth Authority.

The biggest investments came from the largest firms, such as General Motors and BAE Systems. GM is setting up a lithium-ion battery factory and BAE Systems is setting up a technical center for engineers in Sterling Heights.

Among the other firms making investments in exchange for tax credits are:

Since January 2005, the governor and the MEDC have announced the creation or retention of more than 310,500 jobs as a result of targeted assistance provided by the MEDC.

Source: Michigan Economic Development Corporation
Writer: Jon Zemke
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Investment, Oakland County, Redevelopment, Wayne County 

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