Michigan Economic Development Corporation partners to create thousands of new jobs in Michigan

Michigan economic development investment

The projects include a new-to-Michigan company that plans to assemble crystalline silicon solar panels in Saginaw, an automotive parts manufacturer that plans to expand into the aerospace sector in Traverse City, and brownfield redevelopments that will transform abandoned and contaminated sites into new centers of economic growth and activity.

"Companies are taking advantage of our excellent work force, competitive business climate and innovative economic development tools to locate or expand in Michigan.  Our aggressive strategy to diversify and grow Michigan's economy is working," said Michigan Governor Jennifer M. Granholm.

The Michigan Economic Growth Authority, the state's economics development organization, may provide a refundable tax credit against the Michigan Business Tax to companies expanding or relocation their operations in Michigan. The state's economic development agencies are working hard to respond to interstate competition for company expansions and relocations.

Economics, develpment and job creation in Michigan

Since January 2009, nearly 100,000 new and retained jobs have been announced as a result of this program, according to the MEDC. The economics of these incentives are clearly to increase growth and development and create good paying jobs in the state.

The Michigan Economic Development Corporation is a partnership between the state and local communities that promotes economic growth to create and retain jobs.

The following are the Michigan economic development projects that are expected to create jobs:

Page 2 - 18 new projects (1-9)

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