©2016 Michigan Economic Development Corporation

Financial Services, Manufacturing Companies to Expand in Southeast Michigan

Tuesday, April 17, 2007

Michael Shore, MEDC
(517) 335-4590

Detroit Metro Area Gaining New Investments, Jobs

Governor Jennifer M. Granholm today announced a high-tech manufacturer and a financial services company will invest a total of $7.8 million to locate or expand operations in Auburn Hills and Troy. DaimlerChrysler is also considering new investments in Trenton. The Michigan Economic Development Corporation (MEDC) is backing the projects, which are expected to create and retain a total of 2,044 Michigan jobs.

The three projects announced today:

  • DaimlerChryslerThe state of Michigan is offering the automaker substantial incentives to locate a new engine plant at the site of the DCX Trenton
  • Microposite Inc.TheAuburn HillsThe project will create 101 new jobs, including 62 directly by the company. Auburn Hills has approved a three-year tax abatement valued at $129,000 to support the project.
  • World Alliance Financial Corp. f/k/a/Vertical Lend Inc. The rapidly growing provider of financial services specializing in residential and reverse mortgage loans has chosen Troy

MEDC President and CEO James C. Epolito said.


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