Thursday, June 19, 2003
State Offers Aggressive Proposal to Attract New 7E7 Facility
Governor Jennifer M. Granholm announced today that the Michigan Economic Development Corporation (MEDC) has presented an aggressive business case to Boeing to convince the company to make Michigan the landing spot for its 7E7 aircraft manufacturing facility.
“We have the skilled workforce and manufacturing prowess to ensure that Boeing is successful in Michigan,” Granholm said.“I’ve personally contacted the company to share my commitment and to make our case as to why Michigan is an ideal location for this new facility.”
In addition to her phone call to the company, the Governor also provided an introductory video message to the MEDC’s proposal.
The incentive package to convince Boeing to locate the $900 million aircraft manufacturing facility in Michigan is valued at up to $300 million over a 20-year period.Possible incentives offered to the company include local tax abatements, Single Business Tax credits, infrastructure assistance and worker training grants.The new Boeing facility is expected to employ more than 1,200 workers.
Three possible Michigan sites were presented for the new facility:Willow Run Airport in Wayne County, Oscoda-Wurtsmith Airport Authority in Iosco County and Alpena County Regional Airport in Alpena.After a competitive site selection process, these sites proved to be the best options to meet the company’s list of requirements for the new facility.
Outside of financial assistance, the Michigan proposal contained information on the state’s storied history of aeronautic excellence, world-renowned manufacturing and R&D talent and first-class transportation network, including 18 airports and 38 deep-water ports.
To view the executive summary of the Boeing proposal and the Governor’s video message, scroll down to the attachment icons at the bottom of this release.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.