Navigation Links
Two Companies Expand in Ann Arbor Area With MEDC Support
Date:6/16/2009

ANN ARBOR, Mich., June 16 /PRNewswire/ --A Dexter-based and a Columbus, Ohio-based company are planning to expand in the Ann Arbor region with support from the Michigan Economic Development Corp. Axiobionics and Dexter Research were approved today for MEGA tax credits from the State of Michigan.

"Collaboration between state and regional economic development groups and government is helping Dexter Research expand in our region and attracted Axiobionics from a neighboring state," said Michael A. Finney, CEO of Ann Arbor SPARK. "Ann Arbor SPARK's commitment to working in concert with leadership across the state is creating opportunities for existing businesses and job seekers. Strong economies are built by expanding and attracting businesses to a region, and the Ann Arbor region will benefit from Dexter Research and Axiobionics in our community."

Dexter Research, founded in 1977, is a leading global manufacturer of infrared thin-film thermopile and silicon detectors that are used in OEM products in the automotive, gas analysis, medical, military and defense industries. The company plans to expand at its current location and renovate existing lab environments and clean rooms to support high-tech microelectromechanical systems (MEMS).

To support its expansion and renovations, Dexter Research will invest $3 million over the next five years and add 47 new employees - nearly doubling its workforce from its current 58 employees. Based on the MEDC's recommendation, the MEGA board today approved a state tax credit valued at $313,000 over 7 years to encourage the company to expand in Michigan over competing sites in Ohio and Massachusetts.

Columbus, Ohio-based Axiobionics, formerly Bioflex, Inc., develops and markets new and innovative medical devices for pain control and neuro rehabilitation. It specializes in the design of custom-made electrical stimulation technology and orthotic and prosthetic devices.

With its relocation to Ann Arbor, Axiobionics will expand its current product offerings through continued innovation and the addition of more than 100 new technical, design, manufacturing and administrative positions over the next five years. The company will invest $2.89 million in its new Ann Arbor facility. Based on the MEDC's recommendation, the MEGA board today approved a state tax credit valued at $1.4 million over 7 years to encourage the company to relocate to Michigan over competing sites in Ohio, Washington, North Carolina and Arizona.

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.


'/>"/>
SOURCE Ann Arbor SPARK
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Health Care Reform May Force U.S. Pharmaceutical Companies to Overhaul Sales Strategies, Says New Report From ZS Associates and eyeforpharma
2. Top-Performing Medical Equipment Companies Announced
3. Thomas P. Rice Elected to Board of Directors of Par Pharmaceutical Companies, Inc.
4. Pharmaceutical Companies Seek to Balance Quality Assurance & Cost Reduction
5. SmallCapSentinel.com Releases Report for Investors of Medical Device Companies SENO, STXS, EVVV, ANGO, THOR, and CPTS
6. ResponsibleShopper.org: What Do You Know About The Companies In Your Medicine Cabinet?
7. Chandler Chicco Companies Announces New Brandtectonics Access US Offering
8. InfoLogix Named as One of the Top 50 Healthcare Information Technology Companies in the World
9. Entrepreneur Magazine: MxSecure Among 100 "Brilliant Companies"
10. Mylans Chief Operating Officer Heather Bresch to Testify Before Congress Concerning Patent Settlements Between Brand and Generic Pharmaceutical Companies and Tactics That Delay Market Entry of High Quality, Affordable Generic Drugs
11. China Sky One Medical, Inc. Welcomes Commercial Counselor from Belgium; Looks for Business Alliance with European Companies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... April 29, 2016 , ... On Tuesday, April 26, 2016 members of the ... signature of Gov. Nathan Deal on SB 258, the “Rural Health Care Relief” Bill. ... a 70% tax credit to individuals and corporations which donate directly to a “rural ...
(Date:4/29/2016)... ... 29, 2016 , ... Conditions were ideal for Global Lyme Alliance’s (GLA) 2nd ... sunny skies, a light breeze and temperatures in the 60s. Over 400 runners, walkers ... and Walk and 1-mile walk were held to increase awareness about Lyme disease ...
(Date:4/29/2016)... PA (PRWEB) , ... April 29, 2016 , ... ... announced that student team BioCellection won the $30,000 Perlman Grand Prize of the ... Prize, the Gloeckner Undergraduate Award, the Michelson People’s Choice Award, and the Committee ...
(Date:4/29/2016)... ... 29, 2016 , ... Melanoma is the deadliest type of skin cancer. Although only about 1 ... skin cancer deaths. More than 10,000 people are expected to die of melanoma this year. ... is the one of the most commonly diagnosed cancers in young women. A recent breakthrough ...
(Date:4/29/2016)... , ... April 29, 2016 , ... For those who ... the meal to miss. That was among the many new lifestyle diet tips offered ... recent Sharon Kleyne Hour® Power of Water® radio show. Bonny and Lawrence noted that ...
Breaking Medicine News(10 mins):
(Date:4/28/2016)... , April 28, 2016   Click here ... Pharmacy, Inc. (NYSE: DPLO), the nation,s largest independent ... a definitive agreement to acquire Valley Campus Pharmacy, ... ("TNH"), a leading specialty pharmacy that provides individualized ... California . In 2015, TNH generated approximately ...
(Date:4/28/2016)... BURLINGAME, Calif. , April 28, 2016 /PRNewswire/ ... first-ever widely accessible breast and ovarian cancer risk ... cancer panel analyzing 30 genes that highly impact ... and women. Available today, the Color Test analyzes ... pancreatic, prostate, stomach, and uterine cancers. The Color ...
(Date:4/28/2016)... April 28, 2016 Treato ... on healthcare, announced today that it has been named ... Cool Vendor in Life Sciences, 2016, Stephen ...  The report focuses on life-science- oriented analytics, algorithms and ... patients and doctors, confirm medication ingestion, and analyze unstructured ...
Breaking Medicine Technology: