Wednesday, July 19, 2006
Michael Shore, MEDC
AVL Powertrain Engineering to Expand in Plymouth Township, Create 157 New High-Tech Jobs
Governor Jennifer M. Granholm today announced AVL Powertrain Engineering Inc. (PEI) will invest $2.9 million in a new engineering technical center in Plymouth Township. The project will create 157 new jobs, including 125 directly by the company. Assistance offered through the Michigan Economic Development Corporation helped convince the company to choose Michigan over other national and international sites.
The MEDC approved a Single Business Tax credit valued at more than $3.5 million over 12 years to convince the company to grow in Michigan. Plymouth Township is considering a 12-year tax abatement valued at $375,154 to support the project.
An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will generate an additional 32 indirect Michigan jobs, in addition to the 125 created directly by the company. The project is expected to generate more than $74 million in personal income for Michigan workers over the life of the tax credit.
The new engineering technical center is one of seven economic development projects the Governor announced today. In all, they are expected to create and retain a total of 1,666 Michigan jobs.
AVL Powertrain Engineering Inc.
(All Estimates in 2006 Dollars)
TOTAL JOBS CREATED
|NET POSITIVE STATE REVENUE IMPACT|
Average Weekly Wage
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