Tuesday, September 20, 2005
Michael Shore, MEDC
Comcast and Systems Technologies to Grow in Sterling Heights and Troy
Governor Jennifer M. Granholm today announced company expansions in Sterling Heights and Troy that will create up to 836 new jobs through more than $6.7 million in private investment. Incentives from the Michigan Economic Development Corporation were instrumental in convincing the companies to choose Michigan over competing sites in the United States and abroad.
"These jobs will provide a welcome boost to southeast Michigan's economy," Granholm said. "By choosing Michigan over competing sites elsewhere, these companies have shown we are doing what it takes to win new jobs and investments against competitors near and far."
The companies expanding are:
"Without the Single Business Tax credits and the local contributions, these expansions would have occurred elsewhere," MEDC President and CEO James Epolito said. "The MEDC will continue to aggressively pursue new corporate investments and jobs in the context of a very competitive global economy."
In her 2005 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. In the past 12 months the Governor and the MEDC announced the creation or retention of more than 61,000 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.