Tuesday, May 16, 2006
Michael Shore, MEDC
State Assistance Continues to Pave Way for New Technical Center
Governor Jennifer M. Granholm today announced the Toyota Technical Center (TTC) expansion in York Township is moving forward as a result of brownfield redevelopment assistance from the Michigan Economic Development Corporation. The project is expected to involve $150 million in capital investment and create more than 670 jobs in the state, including 400 directly by the company.
Toyotawill use a brownfield Single Business Tax credit worth $5 million to demolish existing buildings and prepare the former site of the Ypsilanti Psychiatric Hospital for its state-of-the-art research and development facility.
It serves as the hub for North American automotive engineering and R&D.
Last April, the MEDC approved an incentive package valued at more than $38.9 million to convince TTC to expand its new R&D facility in Michigan instead of a competing site in another state. The Governor collaborated with the state Legislature to convey approximately 700 acres of state land to Toyota for the project. The completion of the land sale was announced earlier this month.
ToyotaTechnical Center was established in 1977 and has 650 Michigan employees. TTC is responsible for advanced research, engineering, and vehicle development for Toyota vehicles manufactured in North America.
The Toyota brownfield redevelopment is one of three economic development projects the Governor announced today. In all, they are expected to create and retain a total of 3,060 Michigan jobs.
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