Tuesday, July 13, 2004
Paul Krepps, MEDC
State Assistance Leads to Manufacturing and High-Tech Growth
Governor Jennifer M. Granholm announced seven major economic development projects today that are expected to create or retain nearly 6,000 Michigan jobs and spur more than $520 million in private investment. General Motors, Delfield, Haworth, Lacks Enterprises and INCAT Systems are among the companies securing jobs for Michigan workers as a result of assistance offered by the Michigan Economic Development Corporation (MEDC).
"Companies are expanding and creating new jobs for our residents, choosing Michigan over competitive sites in other states and countries," said Granholm. "This is good news for the seven communities involved and for the state's economic well being overall."
In her 2004 State of the State address, Governor Granholm announced a focused plan for achieving a powerhouse economy. So far this year, the Governor and the MEDC have announced the creation or retention of approximately 23,344 jobs as a result of targeted assistance provided by the MEDC.
The Delfield Company, Mt. Pleasant: The company will add a new production line to its Mt. Pleasant operations that will result in 261 new Michigan jobs, including 219 directly by the company. The company intends to invest $4 million to purchase new machinery and equipment to support the development and custom manufacturing of a refrigeration unit for a multi-national restaurant chain.
INCAT Systems, Novi: U.K.-based INCAT International Ltd. will expand at its headquarters in Novi, investing $7 million in computing and office equipment, resulting in the creation of 300 new direct jobs and an additional 235 indirect Michigan jobs over the next 10 years.
General Motors Powertrain Division, Pontiac: GM will centralize all powertrain product engineering and laboratory services to a redeveloped Pontiac Campus, retaining 1,600 Michigan jobs. The project will result in a $385 million investment in Pontiac, and includes construction of a 431,000-square-foot addition for testing labs and equipment.
Family Dollar Stores, Detroit: Plans call for construction of a 10,000-square-foot Family Dollar store, representing private investment of $777,662, on a blighted site along West Vernor Highway on Detroit's west side. The project will result in the creation of 11 jobs. The property to be redeveloped is presently occupied by two abandoned buildings and a junkyard.
Mid Towne Village, Grand Rapids: This project involves the transformation of a six-acre pocket of blighted housing into a mixed-use development of commercial, office, residential and parking space. The project is expected to generate $30 million in private investment.
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.