©2016 Michigan Economic Development Corporation

Michigan Economic Development Corporation and Local Incentives Attract T&WA to Charlotte

Tuesday, November 14, 2000

Contact: Kathleen McMahon (517) 335-4590
Michigan Economic Development Corporation and Local Incentives Attract T&WA to CharlotteAutomotive Supplier To Create 50 New Jobs
The Michigan Economic Development Corporation (MEDC), in partnership with the City of Charlotte, the CAR Team and the Lansing Regional Chamber of Commerce's Capital Choice program, announced today that state and local incentives have convinced Tire and Wheel Assembly, Inc. (T&WA) to locate their assembly plant in the City of Charlotte. The new 66,000 square feet assembly plant, located in Combs Park, will create 50 new jobs in the next two years. The new plant will supply tire and wheel assemblies to General Motors. The project involves a company investment of about $10 million. Construction on the project will begin immediately with completion scheduled for next spring. “Convincing this automotive supplier to locate in Charlotte is a major win for the City and the entire State of Michigan,” said Doug Rothwell, president and CEO of the Michigan Economic Development. “We helped win the project with state tax abatements and new worker training assistance. However, this project wouldn’t have been possible without the Charlotte City Council’s willingness to provide a local property tax abatement.” The MEDC incentives package includes a 50 percent abatement of the six-mill state education tax worth up to $122,795 over 12 years. Based on the company’s projected equipment investment, the MEDC offered a state sales tax exemption with an estimated value of $420,000. The package also includes a state investment tax credit that can be applied to purchases of depreciable real and personal property that is worth up to $75,022. Finally, the package features new worker training assistance for up to 50 new employees valued at $20,000. “Capital Choice assisted T&WA in conducting many early tours, and with information regarding sites in the Lansing region,” said Bob Trezise, Jr., vice president for Economic Development, Lansing Regional Chamber of Commerce. “We are pleased to introduce, with red carpet treatment, T&WA to our region and the City of Charlotte. T&WA will not only be a great addition to our region, but also yet another GM supplier who can tout our first class region to the world.” The City of Charlotte offered T&WA a property tax abatement worth up to $1,026,536 over 12 years. “I think T&WA is a good addition to Combs Park,” said City Manager John Berchtold. “I am excited they are providing 50 long-term jobs for the community and hopefully this is just the first step in bringing other automotive suppliers to Charlotte.” T&WA, based in Louisville, Kentucky, is a tier one service provider of tire and wheel assemblies to the automotive industry. The company will provide finished tire and wheel assemblies to General Motors from its Charlotte location. “We are very excited about our new business with General Motors,” said T&WA President Gary Dodd. “The people of Michigan have been great to work with and we look forward to a long and prosperous relationship. We chose to locate in Charlotte because of the positive business climate and the strong support we received from the local community.” The Michigan Economic Development Corporation works in partnership with local communities and Michigan businesses to retain and expand job opportunities and improve Michigan’s overall business climate.