The Michigan Economic Growth Authority (MEGA) has recently approved over $9.8 million in tax credits for companies that plan to creat over 1025 jobs in the Metro Detroit area over the span of the next five years. Eight companies are included, three of which are just starting in Michigan and have little or no current presence. Seven of the eight are applying for the tax incentives offered by the Michigan Economic Growth Corporation and the remaining company is applying for a tax credit through the Brownfield Redevelopment Authority.
The companies that plan to invest in Michigan include; • Search Optics Inc., a digital marketing firm with an auto dealership specialty, which is expanding from its headquarters in San Deigo, and plans to offer 288 direct jobs over the next 5 years. The company plans to invest $4.1 million in Michigan and offering up to 60 jobs within the first year. The MEGA has approved $3 million in incentives for this company. • Weber Automotive Corporation, a German auto supplier with a North American headquarters in South Carolina. They plan to create 280 jobs in the Auburn Hills area over the next 5 years. They also plan to renovate a 220,000 square foot facility and purchase new machinery to outfit it, and to invest approximately $24.9 million. • The Troy-based Silk Route Global inc. is expanding and creating a new 103 jobs in the next 5 years. The company plans to invest approximately $2 million dollars over the next 5 years, with at least 20 jobs projected in the first year. • Navistar Inc. produces military vehicles and trucks and plans to expand to include 87 more employees in the Madison Heights area. The military division of the company, called Navistar Defense LCC, was started in 2003 and since has grown into a company with an annual yield of over $2 billion. The company plans to invest $4 million with at least 50 jobs in the first year. • JAC products Inc., a tier-one auto supplier, will be expanding its headquarters in Saline and offering 87 new jobs. The project will require an additional 120,000 square foot of manufacturing space. The company will be expanding its current facility as well as leasing additional space adjacent to this facility. JAC plans to invest $6.7 million, with 55 jobs projected in the first year. • Watson Engineering Inc. will be expanding the operations at its headquarters in Taylor and creating an additional 75 jobs because of a recent contract with Caterpiller. The total investment will be approximately $7.5 million. • The North American subsidy of Korean company Oxus America Inc. will create 38 jobs in Rochester Hills. Oxus Ltd. of Korea, is a design and manufacturing company, marketing oxygen generators for medical, residential and industrial use. They plan to invest $2.15 million in the next 5 years with 10 jobs in the first year. • Romeo based Romeo RIM Inc., a manufacturer of plastic parts for automotive and agricultural uses plans to expand its facility in Romeo and offer 67 new jobs. It will build a 240,000 square foot addition to house new equipment, investing $7.6 million, with all 67 jobs available within the first year.
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