Tuesday, June 21, 2005
Michael Shore, MEDC
Infusion of New Technology Will Protect 230 Jobs
Governor Jennifer M. Granholm today announced Lafarge North America will invest up to $75 million to retool and expand its operations in Alpena as a result of state and local brownfield tax incentives approved by the Michigan Economic Development Corporation. The upgrades will increase the facility's competitiveness and keep 230 jobs in the community.
"We are making tremendous gains in the fight to keep jobs here," Granholm said. "Lafarge North America's decision to grow in Alpena sends a clear signal to the rest of the world that we won't be out-muscled in the global fight for jobs and corporate investment."
The project is one of three economic development projects the Governor announced today. In all, they are expected to create and retain a total of 11,606 Michigan jobs, including 2,300 directly by company expansions and redevelopment.
Lafarge North America, a leading producer of building materials like cement, aggregates, concrete and gypsum, will implement state-of-the-art material processing and conveyor systems and finishing operations. The company will use brownfield tax incentives including a single business tax credit valued at more than $5.2 million and state and local tax capture valued at $1.5 million to demolish a vacant storage building.
"We are making this investment to improve the competitiveness of the largest cement plant in the Midwest," Alexis Langlois, president of the Lafarge North America Great Lakes Cement Region said. "The stronger output will boost our ability to serve Lafarge customers throughout the state and will enhance the export of Michigan-made products to neighboring Great Lakes states and provinces."
In her 2005 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. Since January 2005 the Governor and the MEDC have announced the creation or retention of more than 53,301 jobs as a result of targeted assistance provided by the MEDC.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.