Tuesday, April 17, 2007
Michael Shore, MEDC
Wurtsmith Air Force Base Lands Newest Tenant
Governor Jennifer M. Granholm today announced Seissenschmidt Corporation, the North American subsidiary of Germany-based Seissenschmidt-Group, will invest an initial $1.3 million to locate its new North American headquarters at Wurtsmith Air Force Base in Oscoda Township. The project will create 152 new jobs, including 85 directly by the company. Assistance offered through the Michigan Economic Development Corporation (MEDC) helped convince the company to choose Michigan instead of competing site in North Carolina.
An economic analysis conducted by the MEDC estimates that the new facility will generate more than $34.3 million in personal income for Michigan workers over the life of the tax credit.
The Seissenschmidt project is one of 10 economic development projects the governor announced today. In all, they are expected to create and retain a total of 4,237 Michigan jobs.
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