©2016 Michigan Economic Development Corporation

Granholm Announces Support for Potential Hemlock Semiconductor Expansion in Saginaw County

Friday, March 30, 2007

Michael Shore, MEDC
(517) 335-4590

Michigan Competing for Major Investment, 589 New Jobs

TheMichigan Economic Development Corporation is working closely with the company as it weighs Michigan against another competing U.S. site.

Hemlock Semiconductor has grown in Michigan because we are a great state to do business in

1,174new jobs and up to $1.5 billion in capital investment.

An economic analysis conducted by the MEDC estimates that increased economic activity created by the HSC expansion will generate an additional 319 indirect Michigan jobs, in addition to the 270 created directly by the company. The project is expected to generate more than $699 million in personal income for Michigan workers over the life of the tax credit.

www.michigan.org.

Hemlock Semiconductor Corporation

TOTAL JOBS CREATED

589

Direct

270

Indirect

319

NET POSITIVE STATE REVENUE IMPACT

$45,672,000

Revenue Foregone

Revenue Gain

$53,842,000

Average Weekly Wage

$893

Personal Income Generated Over 15-Yr Tax Credit Agreement

$699,268,000

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