10 growing firms pick Michigan

The Michigan Economic Growth Authority Tuesday approved tax incentives for 10 companies choosing to expand or locate in Michigan, as well as two brownfield redevelopment projects. The companies estimate the projects will generate up to $602 million in new private investment, adding a projected 1,911 direct jobs. "From next-generation software development to a $280 million investment in the Upper Peninsula by a partnership of U.S. and Japanese companies, today's MEGA board action highlights Michigan's high value across a broad number of industries," said Michael A. Finney, President and CEO of the Michigan Economic Development Corporation. "These new investments underscore once more Michigan's tremendous talent and the continued growth of core sectors." The MEGA board approved incentives to win the following projects for Michigan over competing states and countries: Atomic Object LLC - The custom software designer and developer plans to invest $983,000 in its Grand Rapids location to support new growth. The company expects the project to create up to 30 direct new jobs, resulting in a state tax credit valued at $161,908 over four years. Michigan was chosen over a competing site in California. The city of Grand Rapids is considering an abatement in support of the project. http://www.atomicobject.com/ Detroit Heavy Truck Engineering LLC - The corporate headquarters of this firm, responsible for the design, engineering, sales and support of heavy trucks and related mining equipment, plans to invest $4.6 million to expand in Novi. The company expects the project to create up to 49 direct new jobs, resulting in a state tax credit valued at $234,152 over five years. Michigan was chosen over competing sites in China and Wyoming. The city of Novi paid administrative fees in support of the project.http://www.dhtellc.com/ Dialogue Marketing Inc. - The provider of customer relationship-management services plans to invest $5 million to expand its call center and customized software development operations in Troy. The company expects the projects to create up to 230 direct new jobs, resulting in a state tax credit valued at $474,012 over three years. Michigan was chosen over a competing site in Utah. The city of Troy is considering an abatement in support of the project. http://www.dialogue-marketing.com/ Health Business Solutions LLC - The full-service denied-claims resolution and performance improvement consulting firm for the health care industry plans to invest $2.6 million to open a new facility in Dearborn. The company expects the projects to create up to 206 direct new jobs, resulting in a state tax credit valued at $816,218 over five years. Michigan was chosen over competing sites in Georgia and Texas. The city of Dearborn is considering an abatement in support of the project. http://www.healthbusinesssolutions.com/ Key Plastics LLC -- The supplier of engineered plastic components to the automotive industry plans to invest $10.3 million to expand in its facilities in Howell, Farmington Hills and Cascade Township. The company expects the projects to create up to 297 direct new jobs, resulting in a state tax credit valued at $1.1 million over four years. Michigan was chosen over competing sites. The city of Howell has approved an abatement in support of the project. http://www.keyplastics.com/ Knape & Vogt Manufacturing Company -- The designer, manufacturer, and distributor of functional hardware, storage-related components and ergonomic products plans to invest $1.24 million to expand in Grand Rapids. The company expects the projects to create up to 122 direct new jobs, resulting in a state tax credit valued at $335,409 over five years. Michigan was chosen over competing sites in Illinois and Wisconsin. The city of Grand Rapids is considering an abatement in support of the project. http://www.knapeandvogt.com/ Lakeside Software Inc. - The software developer plans to invest $6.1 million to expand existing operations in Bloomfield Hills, as well as locate operations in Ann Arbor. Lakeside Software's SysTrack technology is used by enterprise customers to conduct VDI assessment and planning, manage virtualized infrastructures, aid migration to Windows 7 and manage end user experience. The company expects the projects to create up to 198 direct new jobs, resulting in a state tax credit valued at $731,244 over five years. Michigan was chosen over a competing site in California. The cities of Ann Arbor and Bloomfield Hills are in support of the project. http://www.lakesidesoftware.com/ Michigan Iron Nugget LLC -A joint venture between Cliffs Natural Resources Inc. and Kobe Steel Ltd, the company was formed to produce high iron content nuggets through a patented process. The company plans to invest $280 million in a new facility in Tilden Township (Marquette County). The company expects the project to create up to 114 direct new jobs, resulting in a state tax credit valued at $1.9 million over six years. Michigan was chosen over competing sites. Tilden Township is considering an abatement in support of the project. Multi Packaging Solutions -- A leader in print and packaging solutions for the cosmetics, consumer, entertainment, healthcare, and horticulture markets plans to invest $5.3 million to grow its pharmaceutical carton business in Holland and Allegan. The company expects the project to create up to 180 direct new jobs, resulting in a state tax credit valued at $865,119 over four years. Michigan was chosen over competing sites in Indiana, Texas, New Jersey and North Carolina. The cities of Holland and Allegan are considering an abatement in support of the project. Severstal Dearborn LLC - A state brownfield tax credit valued at $10 million, as well as state and local tax capture valued at $19.4 million will support the construction of a high-speed Continuous Annealing Line capable of producing advanced high strength steel at its facility in Dearborn. The project includes demolition, removal of debris, re-routing utility lines and asbestos removal. To date, Severstal has invested over $1.3 billion in equipment and improvements to its Dearborn facility. The project is expected to generate $280 million in new private investment and create up to 70 full-time jobs. http://www.severstalna.com/ Spartan Motors Chassis Inc. - The designer, engineer and manufacturer specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency-response, defense, government services, delivery and service markets plans to invest $5.4 million to expand existing facilities in Charlotte. The company expects the projects to create up to 450 direct new jobs, resulting in a state tax credit valued at $8.8 million over 10 years. The city of Charlotte is considering an abatement in support of the project. http://www.spartanmotors.com/ County of Grand Traverse - The Grand Traverse County Land Bank will use state and local tax capture valued at $50,537 to prepare three blighted properties in Interlochen and Traverse City for sale. The project will include infrastructure improvements, site preparation, demolition and lead or asbestos abatement. The project will generate $450,000 in new private investment. The Michigan Economic Growth Authority (MEGA) may, under statute, provide a refundable tax credit against the Michigan Business Tax (MBT) to companies expanding or relocating their operations in Michigan. Tax credit agreements, awarded on the basis of the company's strength of project, program guidelines and MEGA board approval, are earned over time by a company's performance in meeting specified investment and hiring requirements.

Job board improves functionality

Michigan Department of Energy, Labor & Economic Growth Acting Director Andrew S. Levin today announced a new enhancement to the Michigan Talent Bank Web site that will make it easier for job seekers to retrieve their User ID's and PIN numbers. By clicking on the "Forgot Your User ID and PIN" button, job seekers can now opt to have their information sent to them securely via text message on their cell phones. Previously, job seekers could only request the information through e-mail or by calling the Michigan Talent Bank help desk.

"The Michigan Talent Bank offers all of the resources of other national job-search Web sites without any cost to the employer or job seeker, and this new feature makes it even easier for job seekers to access the site," Bureau of Workforce Transformation Director Liza Estlund Olson said. "This award-winning Web site has become a go-to resource for employers, whether the employer is a small local business or a major international corporation."

Job seekers and employers are encouraged to use the Web site at www.michigan.gov/talentbank. In 2010, other enhancements and tools were added to the site, including:

Job seekers creating resumes can upload data from a resume previously saved as a Word, PDF, text, or HTML file when creating a new resume.

Creating and updating resumes is now quicker and easier. The new multi-page format saves data more frequently.

New style options have been added such as creating bullet points, offering job seekers more flexibility in presenting their qualifications.

Job seekers now have a choice of three different resume types: Chronological, Functional and Combination. Job seekers can switch between types at any time to tailor their resume instantly to various job openings.

Job seekers can e-mail their resumes as a PDF file, a popular request from employers. They can also conveniently save those PDF resumes to a storage device or in their e-mail for future use.

Improved employment searches more accurately match job titles, creating better job matching for both employers and job seekers.

Job seekers and employers can further refine their search by identifying employment criteria such as full-time, part-time, seasonal, or temporary.

"The Michigan Talent Bank is very easy to use for both employers and job seekers," continued Estlund Olson. "Currently, the Michigan Talent Bank has more than 38,000 posted job openings and averages 8,800 new job postings a month."

The Michigan Talent Bank has won numerous national and state technology awards since its launch in 1998. Interested job seekers and employers can join the Web site free of charge at www.michigan.gov/talentbank.

DELEG staff is available Monday through Friday from 8 a.m. to 5 p.m. to answer questions about the use of the Michigan Talent Bank by calling toll-free at 1-888-253-6855 or via e-mail at mtbhelp@michigan.gov.

Job seekers and employers who are interested in receiving personal assistance in finding jobs and workers can contact their local Michigan Works! Agency by calling 1-800-285-WORKS (9675).

Tourism flat in fourth quarter

Comerica Bank’s Michigan Tourism Index was flat in the fourth quarter of 2010, at a level of 93. The fourth quarter reading is up six points, or 7%, from the cyclical Index low of 87. The Index averaged 92 points for all of 2010, up two points from the Index average for all of 2009.

“Our Index provided mixed results in the fourth quarter, with gains in hotel occupancy and casino revenues offset by weaker passenger air traffic,” said Dana Johnson, Chief Economist at Comerica Bank. “Households and businesses are gradually become more willing to increase their discretionary spending as they sense the economy is experiencing a sustained, moderate expansion. Looking ahead, our Index should perform modestly better over the next several quarters, particularly if the state starts growing fast enough to begin generating increases in jobs.”

The Michigan Tourism Index is a quarterly summary of six equally weighted, seasonally adjusted travel, lodging and entertainment data series. These series serve as a proxy for statewide tourism activity.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.