Tuesday, October 17, 2006
Michael Shore, MEDC
Michigan Bests Tennessee for $22 Million Expansion
Governor Jennifer M. Granholm today announced that Germany-based Karmann Manufacturing LLC plans to invest $22 million in its Plymouth facility. The expansion is expected to create 735 new Michigan jobs, including 375 directly by the company. Assistance offered through the Michigan Economic Development Corporation helped convince the company to grow in Michigan instead of at a competing site in Tennessee.
An economic analysis conducted by the MEDC estimates that increased economic activity created by the expansion will result in an additional 360 indirect Michigan jobs, in addition to the 375 created directly by the company. The project is expected to generate more than $347 million in personal income for Michigan workers over the life of the tax credit.
The expansion is one of 14 economic development projects the Governor announced today. In all, they are expected to create and retain a total of 8,572 Michigan jobs.
Karmann USA, Inc. Senior Vice President & COO of Timothy J. Olind
Founded in 1996, Karmann USA Inc. is a wholly owned subsidiary of Wilhelm Karmann GmbH which is headquartered in Osnabrueck, Germany. In December 2003, Karman manufacturing was formed as the manufacturing arm of Karmann USA. The company manufactures both hard- and soft-top convertible roof systems for General Motors and DaimlerChrysler. Karmann USA and its affiliates currently employ 323 workers in Michigan.
Karmann Manufacturing LLC
(All estimates in 2006 dollars)
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