15 Firms Get Michigan Tax Credits For 1834 More Jobs

By: Kaatherine Yung, Business Writer
Detroit Free Press


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May 20, 2009

Gov. Jennifer Granholm announced Tuesday new Michigan Economic Growth Authority tax credits for 15 companies planning expansions or new facilities that are expected to add 1,834 jobs.

Asset Acceptance, which purchases and collects charged-off consumer debt, led the list, with plans for an $8.1-million expansion in Warren that's expected to generate 432 jobs. It received a $2.7-million, 7-year tax credit.

Tax credits also were awarded to Energy Components Group and Windtronics. Energy Components said it will invest $20 million over five years to expand its manufacturing and research and development work in St. Clair, which is expected to create 250 jobs. It received a $2-million, 7-year tax credit.

Windtronics is a start-up firm that aims to produce small wind turbines at a factory in Muskegon, adding 219 jobs. It got a $3.7-million, 10-year tax credit.

Other tax credits went to: Autovan, Battle Creek; CAS-MI Laboratories, Ypsilanti Township; Dorner Works Ltd., Grand Rapids; Essen Instruments Inc., Pittsfield Township; GRW Technologies, Kentwood; iTrack, Rochester; Kilwin's Quality Confections Inc., Petoskey; Mann+Hummel USA, Portage; Martinrea Industries Inc., Jonesville; Pump Engineering LLC, Huron Township; Velesco Pharmaceutical Services, Comstock Township, and WJG Enterprises, Charlotte.

http://www.freep.com/article/20090520/BUSINESS06/905200353

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