Wednesday, July 15, 1998
Company Renegotiates MEGA tax-credit with StateGovernor John Engler announced today that National TechTeam has received an amendment to their MEGA tax-credit agreement with the state, and will now hire nearly 300 employees, creating 82 more jobs than was originally approved by the MEGA board in June of 1997. "This is a project that both the state and local community wanted to see become reality for the area," said Governor Engler. "Therefore, today's announcement of the creation of more than 80 new jobs means that the state and local commitment to this project has paid-off even bigger for the men and women of this community, particularly those looking for work." Under the original MEGA agreement National TechTeam was to establish a call center in Sault Ste. Marie, employing 218 workers. Now, the company will raise the job creation number to 300 new jobs. The original agreement gave the company a nine-year tax credit that was valued at $824,000. Today's amendment will increase the value of the tax-credit to National TechTeam by $250,000 bringing the worth of the tax-credit to nearly $1.1 million over nine years. The amendment also increased the benefit to the state by $1,000,00 in excess of the forecasted $4,500,00 gain from the original project. National TechTeam provides corporate computer services, call center services, computer training, networking services, and systems integration for Fortune 500 companies. The company employs more than a thousand people in Michigan and also has facilities in Chicago, Indianapolis, Dallas, Omaha, San Francisco and Brentwood, England.