Tuesday, March 13, 2007
BMW, DCX, GM Joint Venture to Create and Retain 437 Jobs
Governor Jennifer M. Granholm today announced assistance provided through the Michigan Economic Development Corporation to support an automotive hybrid development center in Troy. The joint venture between BMW Group, DaimlerChrysler and General Motors is expected to create 233 new jobs and retain 204 jobs with assistance offered through the MEDC. The governor joined company officials in October 2006 to launch the center which develops alternative energy technology for a variety of vehicles.
approved a Single Business Tax credit valued at about $19.1 million over the next 10 years. The credit was made possible in part by legislation Granholm signed in July 2006.
The hybrid development center is one of 10 economic development projects the governor announced today. In all, they are expected to create and retain 14,358 Michigan jobs.