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Wazootyman
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Username: Wazootyman

Post Number: 139
Registered: 02-2006
Posted on Wednesday, October 18, 2006 - 8:35 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Given how much attention is given to bad news in Metro Detroit, I found this article refreshing this morning. Why is it that these stories don't make it to the evening news? There was a huge focus on the addition of Google jobs, but I would say that a number of these are just as significant as far as job creation. Granted, it would be nice to see more of the job creation within the city, but this news can be nothing but good for the region in general.

From Crain's Detroit Business:

http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2006 1017/REG/61017010/1011

MEGA makes $67 million in grants for Southeast Michigan

By Amy Lane

4:55 pm, October 17, 2006

BASF Corp. is planning a $150 million project to relocate research and development, administrative and manufacturing operations to Wyandotte from Wisconsin, aided by more than $20 million in state tax credits approved Tuesday.

The project is expected to create 175 new jobs, and is supported by a $15 million brownfield single-business-tax credit and a $5.5 million employment SBT credit, approved by the Michigan Economic Growth Authority board. In addition, the city of Wyandotte is considering $35 million in local tax abatements to support the project.

The company had considered a site in Chattanooga, Tenn., for the project, one of among 14 statewide to receive tax incentives from the Michigan Economic Development Corp..

In a news release, K. Edward Nuernberg, general manager of BASF’s Wyandotte site, said the relocation to Wyandotte of recently acquired resins manufacturer Johnson Polymer operations “was a strategic decision that will benefit our customers and leverage our manufacturing strengths here.”

The MEGA board also approved in Southeast Michigan:

A $27.7 million SBT credit toward a $50 million to $60 million consolidation and new North American headquarters in Auburn Hills, by automotive supplier Siemens VDO Automotive Corp.

The project will retain 600 jobs and add 500 new jobs, according to a briefing document for the MEGA board. The project will consolidate three locations and include a new research and development operation, test labs, and offices for engineers, professionals and executives.

Siemens has considered relocating the project to Huntsville, Ala. In addition to the 10-year MEGA tax credit, the state is offering a $425,000 state education tax abatement, and the city of Auburn Hills has proposed an eight-year, $1.5 million tax abatement.

A $4.1 million SBT credit toward a $22 million project by Karmann Manufacturing L.L.C. Auto supplier Karmann plans to expand its Plymouth operation, creating 375 jobs.

In addition to the 10-year SBT credit, the state offered a $212,500 job-training grant and Plymouth Township has approved a 10-year, $261,000 tax abatement to support the project.

A $3.9 million SBT credit to help secure a $20 million consolidation of logistics operations by Ryder System Inc. The Novi project under consideration by Ryder would create 400 jobs.

In addition to the state’s seven-year SBT credit, the city of Novi has approved up to $481,000 in road funds to pay for improvements to support the project, and the Oakland County workforce development division has committed up to $150,000 in federal funds for workforce recruitment and development services.

A $576,000 SBT credit toward a $9.8 million project by auto supplier AG Simpson Automotive Systems Inc. to reopen a closed Sterling Heights plant the company acquired in 2001, according to state briefing documents. The project is expected to create up to 130 new jobs.

Joining the state’s six-year SBT credit is a nine-year, $357,000 tax abatement approved by Sterling Heights.

A $561,000 SBT credit toward a $5 million investment by Backyard Storage Solutions L.L.C. to open a new manufacturing, distribution and administrative center in Monroe, replacing a smaller operation in Warren. The project is expected to create 80 jobs.

Beyond the state’s seven-year SBT credit, the city of Monroe is considering an eight-year, $81,000 tax abatement to support the project.

A $10 million brownfield SBT credit, and a work plan to capture $7.2 million in state and local taxes, to move forward two downtown Detroit developments totaling nearly $113 million.

According to a state briefing memo, the project consists of two related developments which will be constructed east of Woodward Avenue, approximately midway between the Detroit Medical Center and Comerica Park.

The project, by Central Brush Park L.L.C. and 3100 Woodward L.L.C. will reclaim a blighted and predominantly vacant seven-block area, creating a new urban neighborhood with a range of housing types and prices. The developments will create 347 housing units, including apartments, condominium, rowhouses and lofts, as well as commercial and retail space.
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Illmatic774
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Username: Illmatic774

Post Number: 82
Registered: 02-2006
Posted on Wednesday, October 18, 2006 - 9:55 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

seriously, why DONT we ever hear this on the news?

how long would it take to create all these jobs?
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Bibs
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Username: Bibs

Post Number: 591
Registered: 10-2003
Posted on Wednesday, October 18, 2006 - 1:15 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

These articles don't make it into the news because it doesn't contain the following words: fire, shooting, killed, explosion etc.
What is even more amazing is that you can jump on a plane, fly for several hours and watch the same stupid news reports in different city. The location is different but it's the same story, over and over again. Truely mind boggling.
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Dannaroo
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Username: Dannaroo

Post Number: 16
Registered: 05-2006
Posted on Wednesday, October 18, 2006 - 2:21 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I guess they should have used the following as the headline if they wanted more attention:

"BASF MAKES A KILLING IN TAX CREDITS & EXPLODES UPON THE METRO-DETROIT JOB MARKET!"
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Bibs
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Username: Bibs

Post Number: 592
Registered: 10-2003
Posted on Wednesday, October 18, 2006 - 10:25 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What seven block blighted area is the article refering to? An area on the East side of Woodward near the current Brush Park development project? Or on the West side of Woodward and across the street from current Brush Park development project. I think the article is referring to the vacant area on the West side of Woodward and across the street from the current project.
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Wazootyman
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Username: Wazootyman

Post Number: 140
Registered: 02-2006
Posted on Thursday, October 19, 2006 - 8:35 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Fortunately for us, the Detroit News brings us another feel-good story, whose sub headlines is "Michigan's job picture remains 'absolutely dismal'; some weekly earnings decrease."

http://www.detnews.com/apps/pb cs.dll/article?AID=/20061019/B IZ/610190380

...WORKERS BRACE FOR IMPENDING DOOM
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Chow
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Username: Chow

Post Number: 311
Registered: 10-2003
Posted on Thursday, October 19, 2006 - 12:11 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Bibs, why would the article say its on the EAST side of Woodward if it meant the WEST side of Woodward?

A while back there was a modeld article about a redevelopment along John R in Brush Park. I think this is what they are refering to.

EDIT: Heres the link - http://www.modeldmedia.com/developmentnews/centralbrush.aspx

(Message edited by chow on October 19, 2006)

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