©2016 Michigan Economic Development Corporation

Rockwood Beats Out Toledo for Hoover Universal Project; 266 New Jobs for State

Wednesday, September 15, 1999

John Truscott
(517) 335-6397

Hoover Universal, Incorporated

MEGA Analysis

Summary Estimated

(All estimates in 1999 dollars)

TOTAL JOBS CREATED 266

Direct 115

Indirect 151

NET POSITIVE STATE REVENUE IMPACT $ 7,226,000

Revenue Forgone $ 1,708,000

Revenue Gain $ 8,934,000

Average Wage $ 687/week

Personal Income Generated Over

Life of MEGA Agreement $ 111,670,000