Michigan Economic Growth Authority

Type: Organization
Name: Michigan Economic Growth Authority
First reported Aug 03 2014 - Updated Aug 03 2014 - 1 reports

Rick Haglund: Thank Jennifer Granholm for General Motors resurgence

General Motors Co. is planning to add 1,750 jobs and invest $800 million in its Michigan operations, another sign of the domestic auto industry’s impressive comeback.You can thank former Gov. Jennifer Granholm, in part, for this latest GM expansion.Say ... [Published West Michigan Business - Aug 03 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Brownfield part of Redford dealership project costs less than expected

The part of a plan for improvements at Matick Chevrolet in Redford that qualifies for brownfield funds will actually cost less than originally projected.When the plan was approved in April 2013, it included $944,300 in costs that are eligible for reimbursement ... [Published Novi News - Jul 29 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Snyder: International companies choosing to invest, create jobs in Michigan

Projects resulting from investment missions showcase Michigan’s comebackFriday, July 25, 2014LANSING, Mich– Six companies approved for state incentives this week have one key element in common - all are results of international investment missions Gov. ... [Published Michigan.gov - Jul 25 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

Automotive, Solar Companies Score Big With Strategic Fund

LANSING - The Strategic Fund approved five Michigan Business Development Program incentives on Tuesday, with expansions for automotive or solar companies coming to Albion Township, Watertown Township, Troy, Benzonia and China townships, and Saginaw Township. ... [Published Michigan Technology News - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 23 2014 - 1 reports

GM could add 1,750 jobs, invest $800M in Michigan with tax credit

Detroit — General Motors Co. says it could create up to 1,750 new jobs and up to $800 million in new investment in Michigan as the Michigan Strategic Fund approved Tuesday an amendment of the automaker’s global state tax credit. The amendment boosts the ... [Published Detroit News - Jul 22 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Auto supplier invests $78.4M in plant, 254 jobs

A brake systems maker is planning to invest more than $78.4 million to create a plant and 254 jobs in the region.The Plymouth-based auto supplier Brembo North America — the largest wholly owned subsidiary of Brembo S.p.A. in Stezzano, Italy — will purchase ... [Published Grand Rapids Business Journal - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

SE Michigan companies awarded state funds expected to invest more than $1B and add 3,877 jobs

Auto industry companies and others with ties to Southeast Michigan, including Brembo North America Inc. , H.A. Automotive Systems Inc. , and Magna Exteriors and Interiors USA Inc. , received state assistance to expand operations in the state after approval ... [Published Crains Detroit Business - Jul 23 2014]
First reported May 29 2014 - Updated May 29 2014 - 1 reports

MEGA Credited-Companies Created Only 18.9 Percent Of Projected Jobs Since 1995

MEGA Credited-Companies Created Only 18.9 Percent Of Projected Jobs Since 1995 [Michigan Capitol Confidential] : "Less than 19 percent of the projected jobs the Michigan Economic Growth Authority (MEGA) trumpeted as being created by tax credits between ... [Published MuskegonPundit - May 29 2014]

Quotes

"Less than 19 percent of the projected jobs the Michigan Economic Growth Authority (MEGA) trumpeted as being created by tax credits between 1995 and 2011 ever came about, according to an analysis of data provided by the Michigan Economic Development Corp. (MEDC).Of the 186,923 new jobs first projected by companies that were awarded MEGA incentives, 35,369 jobs were reported back to the MEDC as being created, according to the latest MEDC reports. Just 3.9 percent of the 659 individual projects met or exceeded their job projection totals."

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All (9) | News (8) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Rick Haglund: Thank Jennifer Granholm for Gener... [Published West Michigan Business - Aug 03 2014]
Brownfield part of Redford dealership project c... [Published Novi News - Jul 29 2014]
Snyder: International companies choosing to inv... [Published Michigan.gov - Jul 25 2014]
Automotive, Solar Companies Score Big With Stra... [Published Michigan Technology News - Jul 23 2014]
New business expansions, community improvements... [Published Michigan Advantage - Jul 23 2014]
Auto supplier invests $78.4M in plant, 254 jobs [Published Grand Rapids Business Journal - Jul 23 2014]
SE Michigan companies awarded state funds expec... [Published Crains Detroit Business - Jul 23 2014]
GM could add 1,750 jobs, invest $800M in Michig... [Published Detroit News - Jul 22 2014]
MEGA Credited-Companies Created Only 18.9 Perce... [Published MuskegonPundit - May 29 2014]
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MEGA Credited-Companies Created Only 18.9 Perce... [Published MuskegonPundit - May 29 2014]
MEGA Credited-Companies Created Only 18.9 Percent Of Projected Jobs Since 1995 [Michigan Capitol Confidential] : "Less than 19 percent of the projected jobs the Michigan Economic Growth Authority (MEGA) trumpeted as being created by tax credits between ...
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