Governor Jennifer M. Granholm announced today that assistance from the Michigan Economic Development Corporation (MEDC) has helped convince American Mitsuba Corporation to create its new Testing and Research Center in Brighton.
American Mitsuba plans to invest more than $10 million in the facility. The company’s operations in Brighton are expected to create 90 new, high-wage jobs by 2012, including 85 directly by the company.
“Michigan’s economy continues to diversify as we welcome new high-tech companies to the state,” Granholm said. “American Mitsuba’s new R&D center will be an excellent addition to Michigan’s growing Technology Tri-Corridor.”
American Mitsuba had considered locating the testing and research center in either Brighton or a competing site in Indiana, where the company operates a sister facility. A Single Business Tax credit offered today worth $1.6 million over a 10-year period helped convince the company to expand and create new jobs in Michigan.
The City of Brighton has proposed a local tax abatement worth an estimated $918,200 over 10 years to help attract the new research facility.
“American Mitsuba’s decision to locate in Brighton closely follows Eberspaecher North America's recent decision to construct its first North American manufacturing facility here,” said Brighton City Manager Dana Foster. “These developments indicate that the city, in partnership with the MEDC, is providing quality sites and incentives that make Brighton attractive to high caliber firms.”
According to an economic analysis conducted by the University of Michigan, it is estimated that American Mitsuba’s Brighton facility will create five additional Michigan jobs as a result of increased economic activity, in addition to the 85 jobs created directly by the company. The company’s increased operations will result in a net state revenue gain of more than $1.7 million over the life of the Single Business Tax credits.
“We would like to thank the City of Brighton and the Michigan Economic Development Corporation for encouraging American Mitsuba in this venture,” said American Mitsuba President and CEO Toshifumi Kohno. “We look forward to working with them as we continue to grow.”
American Mitsuba Corporation designs and tests automobile motor assemblies, windshield wiper systems, power window regulator motors, starters and cooling fans. The company is owned by Mitsuba Corporation of Japan. American Mitsuba has a broad customer base, serving multiple original equipment manufacturers from sister manufacturing operations in Mt. Pleasant, Mich., Indiana and Mexico.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
(All estimates in 2003 dollars)
|TOTAL JOBS CREATED||90|
|NET POSITIVE STATE REVENUE IMPACT|
|Personal Income Generated Over|
Life of the Tax Credit Agreement