©2016 Michigan Economic Development Corporation

Seissenschmidt to Establish North American Headquarters in Oscoda Twp.

Tuesday, April 17, 2007

Michael Shore, MEDC
(517) 335-4590

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.

Seissenschmidt Corporation

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.

www.michigan.org.

Seissenschmidt Corp.

TOTAL JOBS CREATED

152

Direct

85

Indirect

67

NET POSITIVE STATE REVENUE IMPACT

$2,128,000

Revenue Foregone

Revenue Gain

$2,644,000

Average Weekly Wage

$596

Personal Income Generated Over 7-Yr Tax Credit Agreement

$34,346,000

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