Friday, March 09, 2007
Governor, MEDC CEO to meet with key corporate leaders
LANSINGMichigan Economic Development Corporation (MEDC) President and CEO James C. Epolito will accompany the governor on the fourth investment mission of her tenure and second to Germany.
Granholm and her delegation will meet with high-level executives from several German companies considering making investments in the U.S., including DaimlerChrysler, FACTON Inc., FEV, GETRAG, Kostal of America, Magna Steyr, and AVL.
Several of the companies Granholm will meet with, including FEV and GETRAG, are involved in high-tech alternative energy engine and powertrain development.
More than 170,000 Michiganians are employed by more than 300 German-owned companies that operate here.German-owned companies are defined as those with at least 50 percent German ownership. These companies, representing a wide range of industry sectors, are heavily concentrated in advanced automotive manufacturing and research and development, sectors well known for producing high-wage jobs.
Her investment mission to Germany in 2004 resulted in several companies investing approximately $82 million and creating more than 670 new Michigan jobs over the next several years.
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