November 10, 2005
November 10, 2005
Family-Owned Company Picks Michigan Over Indiana for Expansion
Governor Jennifer M. Granholm announced today that Hausbeck Pickle will undertake a $2 million expansion in Saginaw with the assistance of a brownfield Single Business Tax credit from the Michigan Economic Development Corporation. Hausbeck will renovate a vacant industrial site and create more than 10 new jobs with the expansion.
“This project strengthens the Saginaw by creating jobs and reinforcing Hausbeck’s presence in the community,” Granholm said. “The company’s decision to expand in Saginaw over a competing site in Indiana is further proof that Michigan is a business-friendly state.”
Hausbeck will use a $222,500 brownfield credit to clean up the property and add 45,000 square feet to the existing building. The site is located at 1626–2000 Hess Avenue within the Lufkin Rule/Hess Avenue/Fairgrounds Renaissance Zone near downtown Saginaw.
“We are pleased to be able to continue our long-time presence here and are grateful for all the guidance and support provided by the MEDC, AKT Peerless of Saginaw and Saginaw Future,” Hausbeck General Manager Tim Hausbeck said. “Working together, these organizations made the tax credit process as smooth and painless for us as possible proving time and time again that they are proactive in the development of economic growth in our great state.”
Family-owned and operated since 1923, Hausbeck supplies pickles and pickled pepper products to large commercial restaurants and retailers including Burger King and Subway. The company currently employs 35 people.
“We are proud that Hausbeck has chosen to stay and grow in its hometown of Saginaw,” MEDC President and CEO James Epolito said. “Michigan’s brownfield program stimulates growth in our cities by addressing the cost of redeveloping industrial sites and making them more attractive to developers and investors.”
In her 2005 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. Since January 2005, the Governor and the MEDC announced the creation or retention of more than 63,000 jobs as a result of targeted assistance provided by the MEDC.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life. For more
information on the MEDC’s initiatives and programs, visit the Web site at www.michigan.org.
