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Tuesday, July 15, 2008
High-tech projects to create 257 new jobs
Governor Jennifer M. Granholm today announced two high-tech projects planned for Downriver, an expansion by Steel Tool & Engineering in Gibraltar and a new campus for the Michigan Institute of Aeronautics in Huron Township. Combined, the projects are expected to create 257 new jobs and involve more than $8 million in new capital investment. Assistance provided by the Michigan Economic Development Corporation (MEDC) helped win the projects for Michigan over competing sites in other states.
“These high-tech projects in are critical to our state's economic transformation and our efforts to create good-paying jobs,” Granholm said. “We will continue to go anywhere and do anything to bring companies like these to Michigan.”
The projects announced today:
"Successful economic development is always a team effort,” MEDC President and CEO James C. Epolito said.“We worked closely with the city of Gibraltar and Wayne County to make the best business case for Michigan to secure these projects and ensure these new jobs are created here.”
The Downriver projects are two of 18 economic development projects the governor announced today. In all, they are expected to create a total of 6,917 Michigan jobs.
“We were pleased to provide the local match for Michigan Institute of Aeronautics Inc, a company that will provide high level training in wind energy for regionaland national markets,” Wayne County Executive Robert Ficano said. “Its decision to grow in Huron Township is further testament to the attractiveness of the Detroit Region Aerotropolis. Equally, we are pleased that Steel Tool & Engineering could consolidate its operation within the Downriver communities showing that Wayne County continues to be competitive in attracting high-tech companies.”
In her 2008 State of the State address, Granholm emphasized the importance of creating opportunity in the changing world of the 21st century. Since January 2005, the governor and the MEDC have announced the creation or retention of more than 248,000 jobs as a result of targeted assistance providedby the MEDC.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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