Week
of February 12-18, 2007 |
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 The
Governor’s weekly radio address is released each Friday at 10:00
a.m. and may be heard on broadcast stations across the state through
an affiliation with the Michigan Association of Broadcasters. The
address will also be available on the Governor’s Website on
Mondays as a podcast for general distribution to personal MP3 players
and home computers. |
I
am pleased to share the news that four company expansions and a
downtown Detroit redevelopment project are expected to create 1,044
Michigan jobs and involve more than $99 million in new capital investment.
FEV
Engine Technology Inc. will invest $4.3 million to expand
its operations in Auburn Hills creating 180 new jobs. A
state tax credit valued at $1.1 million over seven years helped
convince the company to grow in Michigan over a competing site
in South Carolina. 
Landon
IP Inc.
is investing $3.9 million to open offices in Southfield.
The Alexandria, VA-based company's new operations will create
299 new jobs. A state tax credit valued at $2.1 million over five
years helped convince the company to choose Michigan over a competing
site in California. 
TechSmith
Corp. will invest more than $18 million to build a new world
headquarters in the Michigan State University Corporate Research
Park located within the Lansing Regional SmartZoneSM. The
project is expected to create at least 105 new jobs, including
75 or more directly by the company. A state tax credit valued
at $1.2 million over 10 years helped convince the company to locate
its new headquarters in Michigan over a competing site in Indiana.
Visteon
will invest $35 million to build a state-of-the-art manufacturing
plant in Highland Park. The plant is expected to create
353 new jobs, including 175 directly by the company. A state tax
credit valued at $1.73 million over seven years helped convince
the company to invest in Michigan over a competing site in Ohio.
The
City of Detroit, teaming with Focus: HOPE, will
utilize state and local tax capture valued at $4.9 million for
a phased development along Oakman Boulevard just east of the Focus:
HOPE campus in Detroit. The project will include a conference
and education center, retail stores, development of local park
space, replacement of run-down infrastructure, and eventual adaptive
re-use of the old Michigan Bell buildings. The project is expected
to create up to 120 full- and part-time jobs and include $38 million
in capital investment.