©2016 Michigan Economic Development Corporation

Granholm Announces Assistance to Retain 1,262 Michigan Jobs

Tuesday, January 16, 2007

Michael Shore, MEDC
(517) 335-4590

Manufacturer to Consolidate Operations in Jackson

A University of Michigan economic analysis estimates that increased economic activity created by the project will retain an additional 898 indirect Michigan jobs in addition to the 346 retained directly by the company. The project is expected to generate more than $535 million in personal income for Michigan workers over the life of the tax credit.

The Eaton Aeroquip project is one of five economic development projects the Governor announced today. In all, they are expected to create and retain a total of 1,790 Michigan jobs.

www.michigan.org.


Summary Estimates
(All estimates in 2007 dollars)

TOTAL JOBS RETAINED

1,262

Direct

364

Indirect

898

$32,158,000

Revenue Foregone

$5,573,000

Revenue Retained

$37,731,000

Average Weekly Wage

$1,027

Personal Income Generated Over

$535,112,000

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