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Three Michigan Companies Expand in Ann Arbor with MEDC Support
Date:5/19/2009

approximately $1.2 million over 10 years to help convince the company to expand in Michigan over a competing site in Missouri.

Essen Instruments Inc., inventor and manufacturer of life science instrumentation equipment, will open a new Discovery Services Unit, a team of contract research scientists, technicians and instrument operators in Pittsfield Township. The company plans to invest $3.1 million and create 244 total jobs, including 43 directly by the company. The MEDC estimates the increased economic activity created by the project will create an additional 201 indirect jobs. Based on the MEDC recommendation, the MEGA board today approved a state tax credit valued at $490,940 over seven years to encourage the company to expand in Michigan over a competing site in California.

In total, Velesco, CAS-MI and Essen will create 127 direct jobs in the Ann Arbor region and invest more than $7 million in capital in the local community.

ABOUT ANN ARBOR SPARK

Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK represents all communities in the Washtenaw County. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, the Herbert and Grace Dow Foundation, Washtenaw County, the City of Ann Arbor, the Bank of Ann Arbor and the Michigan Economic Development Corporation. For more information, please call (734) 761-9317 or visit www.AnnArborSPARK.org.


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SOURCE Ann Arbor SPARK
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