Tag Archives: Troy

Companies Get State Aid For $561M Investment, 1,500 New Jobs

LANSING — More than $561 million in new investment with 1,500 jobs and two community revitalization projects are among projects approved Tuesday by the Michigan Strategic Fund.

The projects include investments by Lear Corporation, LG Electronics and Penske Logistics that will generate a total of $158.8 million capital investments and create 1,130 jobs.

* Southfield-based Lear Corp. received a $4.35 million Michigan Business Development Program performance-based grant to help finance a new 156,000-square-foot, $29.2 million automotive seating systems plant in Flint. The project is expected to create 435 jobs. Michigan was chosen over a competing site in Mexico. The city of Flint has offered property tax abatement in support of the project. Individuals interested in careers with Lear should visit http://www.lear.com/Site/Careers.

* In addition, MSF approved a $300,000 one-time grant to the Evergreen Community Development Initiative for its literacy center in the city of Flint. Intended to support talent development, the center will house a complete virtual library computer lab and dedicated literacy coaches with a defined curriculum to increase adult literacy rates and job readiness. The funds were provided to MSF by the Michigan Department of Treasury through a memorandum of understanding.

* Korea’s LG Electronics received a $2.92 million Michigan Business Development Program performance-based grant to assist in the development of a new, 250,000-square-foot LG Electronics Vehicle Components USA plant in Hazel Park. LG will also expand its engineering and design center in Troy. The project is expected to generate capital investment of $25 million and create 292 jobs. Michigan was chosen over competing sites in the Midwest and China. The cities of Hazel Park and Troy will provide assistance in finding candidates for the new positions. For information on careers with LG US, visit http://www.lg.com/us/careers.

* Penske Logistics was awarded a $2.5 million Michigan Business Development Program performance-based grant to assist in the financing of a new 606,000-square-foot distribution center in Romulus, creating 403 jobs. Penske Logistics and developer InSite Real Estate, LLC will be investing a combined $98.5 million in the project. Michigan was chosen over multiple sites in the Midwest. The city of Romulus and Detroit Region Aerotropolis will consider a 10-year property tax abatement in support of the project. Visit http://www.PenskeLogistics.com to learn more.

* Looney Moon, LLC recieved a $300,000 Michigan Community Revitalization Program performance-based grant to assist in a $1.7 million renovation of 204 E. Grand River in the Old Town district of the city of Lansing into a mixed-use development that will include retail, commercial, and residential space. The project is expected to create 20 full-time equivalent jobs.

* The Revival Commons Redevelopment Project received MSF approval for more than $1.4 million in local and school tax recapture to help alleviate brownfield conditions on 53.7-acres of contaminated property at the former Tecumseh Products site in the city of Tecumseh. The completed project will consist of a mixed-use development that will include industrial, office and retail space. Located within walking distance of downtown Tecumseh, the new development will bring an underutilized property back to productive use and is expected to generate increased foot traffic and economic activity in the downtown area.

* MSF also approved an increase to the State Essential Services Assessment Exemption to support Ford Motor Company’s expansion at its Livonia Transmission Plant. Announced in May, the expansion will add a new transmission to its lineup. The project will generate additional investment by Ford of $350 million, resulting in an increase from $1.2 billion to $1.55 billion to the company’s SESA exemption. The company evaluated locations in neighboring states as well as Mexico for the expansion. Allowing Ford to claim the additional investment under its existing SESA exemption will ensure that the project moves forward in Michigan.

* MSF also approved the University Technology and Commercialization Program Request for Proposals in the amount of $2.8 million. The purpose of the RFP is to solicit proposals from applicants that have received prior MSF funding and require additional funding to continue the programs. The UTACP, originally approved by MSF in 2011, was established to invest in university-business partnerships focused on mentors, interns, collaboration, commercialization, economic growth and job creation.

* Also, the MSF approved the appointment of Michigan Economic Development Corp. CEO Jeff Mason to the American Center for Mobility’s board of directors. In 2016, MSF approved resolutions that helped establish the Willow Run Arsenal of Democracy Landholdings Limited Partnership toward finalizing the acquisition of land at Willow Run, and facilitate the design, construction costs and operations for the completion of Phase I of the connected and automated vehicle center to be developed and operated by the American Center for Mobility. Per the by-laws of the ACM, the MSF is entitled to designate two members to the ACM board of directors and Mason will assume one of the two positions.

For more on the MEDC, the state’s marketing arm and advocate for business development, job awareness and community and talent development, visit http://www.MichiganBusiness.org. Visit Pure Michigan Talent Connect at http://www.mitalent.org for more information on Michigan’s online marketplace for connecting job seekers and employers.

 

Altair’s Carriots Analytics Integrates with Candi PowerTools

TROY — The Troy-based engineering technology and software developer Altair announced a collaboration with Oakland, Calif.-based Cando Controls Inc. to offer a smart building software system.

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AT&T Upgrades Network In Southeast Michigan

DETROIT — AT&T Inc. says it has upgraded its wireless network within southeast Michigan.

The improvements include adding greater capacity or bandwidth and speeds to cell towers within Oakland, Macomb, Wayne, Lapeer and Washtenaw counties.

The bandwidth upgrades were made in the following communities within these counties:

* Lapeer County: Lapeer

* Macomb County: Eastpointe, Fraser, Mt. Clemens, Warren (three sites)

* Oakland County: Berkley, Birmingham, Farmington Hills (two sites), Highland Township (two sites), Madison Heights, Novi, Rochester, Southfield (two sites) and Troy

* Washtenaw County: Ypsilanti

* Wayne County: Livonia, Plymouth, Detroit (two sites), Dearborn Heights (three sites)

Earlier this year AT&T also announced a nearly 100-site bandwidth expansion within southeast Michigan. And in May the company announced a 60-site upgrade.

“Our Michigan employees are focused on bringing a better mobile experience to southeast Michigan and across the state,” AT&T Michigan President Jim Murray said. “Our investment in the local wireless network is one way we’re accomplishing that. We’re seeing increased data usage across our mobile network, especially at big events. In fact, data on our mobile network has increased about 250,000 percent since 2007, and the majority of that traffic is video.”

For more information, visit http://about.att.com.

Roush Opens New Engineering Center in Troy

LIVONIA — The automotive firm Roush recently opened its first Oakland County technical center bringing expanded engineering design and development services dedicated to hybrid and electric vehicles, electric propulsion and battery systems, autonomous vehicles, advanced software development and data analytics.

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LG Chem Launches Residential Battery Systems in North America

TROY — LG Chem Ltd., a manufacturer of lithium-ion batteries for automotive, stationary and consumer applications, has launched new residential battery systems in the North American market.

The launch follows successful completion of UL certification and represents LG Chem’s initial foray into the North American residential market. The home energy storage systems are already being sold in Australia, Germany, Italy, Japan, and the United Kingdom.

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ManagedWay Partners with Canada151, Expanding North American Services

TROY — ManagedWay, the Troy-based provider of telecommunications, cloud and colocation services, announced today that it has established a Point-of-Presence at the Canada151 Data Centers in Toronto, enabling fast, reliable service between the U.S. and Canada.

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AT&T Brings Faster Network to More Than 100 Michigan Sites

DETROIT — AT&T Inc. has activated upgrades to bring faster speeds to nearly 100 cell sites around the state.

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New software from solidThinking

TROY — The engineering technology provider Altair announced new releases of its solidThinking Design Suite, including solidThinking Inspire 2017 and solidThinking Evolve 2017.

The company said the new product design software improves usability and adds  multiple new features that have been requested by customers.

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New Supercomputing Cloud Software From Altair

TROY — The Troy-based engineering technology developer Altair says it is rolling out PBS Cloud, its latest appliance system to further cloud computing for organizations.

Altair PBS Cloud runs high-performance computing appliances for both public clouds, private clouds, and bare-metal infrastructure. Altair will release Altair PBS Cloud in the first quarter of 2017 following conclusion of a private preview.

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