Tuesday, March 14, 2006
Michael Shore, MEDC
Company Chooses Michigan over Kentucky for $14.4 Million Investment
Governor Jennifer M. Granholm today announced Marisa Industries Inc. will expand its manufacturing operations in Auburn Hills. The project will create 372 new jobs, including 223 directly by the company. Assistance offiered through the Michigan Economic Development Corporation helped convince the company to choose Michiganover a competing site in Kentucky.
A University of Michigan economic analysis estimates that increased economic activity created by the new facility will generate an additional 149 indirect Michigan jobs, in addition to the 223 created directly by the company. The project is expected to generate more than $119 million in personal income for Michigan workers over the life of the tax credit.
Today, the Governor announced two company expansions and four brownfield redevelopment projects that are expected to create over 1,000 jobs and generate more than $51.2 million in private investment in communities across Michigan.
Marisa and its subsidiary BAE Industries Inc. supply and design metal stampings and mechanisms including seat, door and trunk latches for the auto industry. The company also provides contract engineering personnel for many original equipment manufacturers. The company currently operates a manufacturing facility in Center Line and a design, engineering and assembly facility in Auburn Hills.
Marisa Industries Inc.
(All estimates in 2006 dollars)
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