Tuesday, September 27, 2005
Companies Join Coalitions to Increase Competitiveness
The Michigan Economic Development Corporation today announced that 16 applications have been received requesting designation for 12 remaining tax-free Tool & Die Recovery Zones in the second round of competition under the state's Renaissance Zone program.
Michigan's tool and die companies are under assault from low-wage foreign competition," Governor Jennifer M. Granholm said. "These tax-free zones are significantly helping Michigan companies to collaborate in ways that will help secure the industry's future in our state."
The following coalitions, representing a total of 95 Michigan tool and die companies, applied for the tax-free designations:
Alliance CNC, Kent
Automation & Tool Alliance of North America LLC, Jackson County
Berrien Tooling Coalition, Berrien
Blue Water Tooling Coalition, Oakland, Macomb, Monroe
Central Michigan Collaborative, Montcalm, Ottawa, Osceola
Custom Design Inc., Kalamazoo
Eastern Michigan Tool & Die Collaborative, Oakland, Macomb, Wayne, Jackson, St. Clair (applications for 15-, 10- and 5-year tax abatement)
Michigan Tooling Group, Allegan, Gratiot, Kent, Ottawa (10- and 15-year tax abatement)
Precision Tooling Coalition, Ottawa, Kent
Tooling Advantage Group LLC, Muskegon, Ottawa
West Coast Tooling Coalition, Allegan, Kent
Whitehall Township Tooling Coalition, Kent, Muskegon
The MEDC is reviewing the eligibility and merits of each proposal, with Recovery Zone designations expected to be announced before the end of the year.
"It is evident from the applications that the coalitions have put a lot of thought into developing innovative ways to work together," MEDC President and CEO James Epolito said. "This really is a case in which the sum total of companies collaborating is greater than what they represent individually."
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.