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Friday, July 25, 2014
Projects resulting from investment missions showcase Michigan’s comeback
LANSING, Mich. – Six companies approved for state incentives this week have one key element in common - all are results of international investment missions Gov. Rick Snyder has taken since 2011.
“Our efforts to improve Michigan’s business climate have now made our state a desirable location for new investment from companies around the world,” Snyder said. “When I meet with companies on our trade missions, they are impressed with the strength of our economic comeback and our abundant talent. These investment missions have opened doors that had been previously closed and refreshed long-standing business relationships with business leaders in other countries.”
The six expansions in Michigan come from four countries visited by Snyder on trade missions since 2011 including China, Italy, Germany and Canada. Combined, the new business investments total $196.4 million and will create 1,598 jobs in Michigan.
“It is heartening to see solid results from our meetings with company executives in their homelands if not their home offices,” said Michael Finney, Michigan Economic Development Corporation President and CEO. “This one week’s announcements show what comes from making significant structural changes to improve our business climate and our aggressive pursuit of new business opportunities.”
The six projects resulting from Snyder’s investment missions are:
“Investment missions are giving us the chance to tell Michigan’s comeback story around the globe,” Snyder said. “International companies are now considering Michigan as a prime location for their United States investments and that shows how far we have come.”
Snyder also emphasized the progress and ongoing efforts to attract more international investment into Michigan earlier this week at a panel discussion hosted by the Detroit Economic Club with Former U.S. Treasury Secretary Henry Paulson. The event highlighted that Michigan’s talented workforce, agricultural resources, manufacturing base, and proximity to world-renowned universities, make the state an attractive area for global organizations to build and grow businesses.
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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