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Michigan Initiatives brings you coverage of the latest news and events mounting the next great surge in state economic development. Through this coverage, MI will provide some imperative "connective tissue" between employers, business coalitions, economic development groups, academic institutions and government officials. By reporting on the robust efforts of these individuals and organizations, MI hopes to enhance and accelerate the pace of change toward new heights in prosperity and quality of life in our state.

Wednesday, June 15, 2011

H-P adds investment in Pontiac

Computer and printer maker Hewlett-Packard Co. will invest $4.8 million to create 250jobs in Pontiac, MI.

HP Enterprise Services already employs 1,976 people at its facility in Pontiac. The Michigan Economic Growth Authority has approved some $3.5 million in state tax credits for Hewlett-Packard over the next seven years based on how many jobs it maintains in the area.

Hewlett-Packard is based in Palo Alto. HP Enterprise Services is the former Electronic Data Systems business started in 1962 by Ross Perot. HP bought it in the summer of 2008 for $13.9 billion.
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