Tuesday, March 17, 2009

Governor Granholm announces 2600 new jobs

Governor Jennifer M. Granholm today announced that the Michigan Economic Development Corporation (MEDC) is helping nine companies grow in Michigan and is backing two brownfield redevelopment projects. Combined, the 11 projects are expected to create and retain 2,755 jobs (146 jobs retained) and generate over $177.8 million in new investment in the state. "We are working the most aggressive economic plan in the nation to diversify and grow our economy and bring new jobs to Michigan," Granholm said.

"The scope of these projects, including four IT companies choosing to expand in Michigan, shows that our plan to diversify the state's economy continues to produce results."

Based on the MEDC's recommendation, the Michigan Economic Growth Authority (MEGA) board today approved a state tax credit valued at $7.1 million over 10 years.

Read the story at ConnectMichigan.com

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