LANSING ? The Michigan Strategic Fund has approved $1.85 million in Michigan Business Development Program incentives to three companies planning on spending $86 million to expand their operations and hire 600 new workers.
The projects approved today:
Detroit Diesel Corporation, a member of the Daimler group, is a leading manufacturer of heavy duty diesel engines for the commercial truck market headquartered in Detroit. DDC plans to expand manufacturing and assembly capacity at its current facility in Redford Township to include production of the new asymmetric turbocharger as well as truck transmission assembly. The company plans to invest up to $77.2 million and create 50 new jobs, resulting in a $250,000 Michigan Business Development Program incentive. Michigan was chosen over a sister facility in Mexico. Redford Township has offered a 12-year property tax abatement valued at $6.6 million.
GKN Driveline North America is a subsidiary of GKN plc, an automotive supplier headquartered in England. The company plans to expand its existing automotive engineering and testing services operations in the City of Auburn Hills, investing $5.1 million and creating 50 new jobs. As a result, the company is being awarded a $1 million Michigan Business Development Program incentive in the form of a performance-based grant. Michigan was chosen over competing sites, including North Carolina. The City of Auburn Hills has offered a property tax abatement.
Teleperformance USA, based in Utah, is a leading provider of customer contact solutions. The company plans to open a new inbound customer care center to support one of the nation?s leading telecommunications companies in Cascade Charter Township. The company plans to invest nearly $3.8 million and create up to 500 new jobs, resulting in a $600,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Texas, Florida, Utah, Ohio, Louisiana and New York. The Right Place, Inc., the West Michigan non-profit economic development organization, has offered staff time and resources in support of the project.
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
