Wednesday, October 05, 2005
Michael Shore, MEDC
Company to Create New Jobs, Invest $30 Million
Governor Jennifer M. Granholm joined state, local, and company leaders in Fowlerville today to celebrate the ribbon cutting at FT Techno of America LLC, an 800-acre automotive proving ground and testing center. A subsidiary of the Japan-based Aisin Seiki Group, the FT Techno facility is expected to create 56 new jobs for the community.
"The global economy is a reality, and Michigan is competing effectively in it," Granholm said. "Aisin's decision to grow here strengthens our position as a worldwide leader in automotive research, development and testing. Michigan is sending a message to the world that we are open for business."
The new facility will be used to develop a variety of auto-related products including brakes, transmissions, power train, chassis and body systems components. The proving ground is Aisin's first in North America and its third worldwide.
Aisin Seiki, headquartered in Kariya City, Aichi, Japan, is a worldwide supplier of auto parts, drive train components, engine, brake and chassis parts as well as information-related products. In North America, the Aisin Group has 26 manufacturing, R & D and sales centers including the Plymouth-based Aisin World Corp. of America. Aisin is 25 percent owned by Toyota Motor Company.
The Michigan Economic Development Corporation (MEDC), Handy Township and the Economic Development Council of Livingston County worked with Aisin to identify the location for the facility.
"These are exactly the type of high-tech jobs we must create to further diversify our economy," MEDC President and CEO James Epolito said. "This test track will be a catalyst for additional advanced auto manufacturing investment and attract the knowledge workers that Michigan needs to compete in the 21st century."
In her 2005 State of the State Address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. Since January 2005, the Governor and the MEDC have 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.