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The Michigan Economic Development Corporation (MEDC) is supporting 18 projects that will create 6,804 recent jobs as well as retain 2,263 existing jobs, generating over $672 million in recent investment. MEDC is helping support the growth of 10 Michigan companies as well as backing eight brownfield redevelopment projects. The 10 companies include Morley Companies Inc., Magna Electronics, US Farathane Corporation, SoundTech Inc., Wacker Artificial Corporation, Caparo Vehicle Components, Skilled Manufacturing Inc., Azure Dynamics Inc., GlobalWatt Inc. as well as BAE Systems. The brownfield redevelopment projects range from: $231,193 to redevelop a historic building in downtown Cadillac to $3.5 million in brownfield tax credits to restore the historic Garden Theatre in midtown Detroit for its original take as a performance venue. Another project provides $1.9 million in brownfield tax credits for Delta Development LLC to redevelop a former newspaper building in Livonia, including abatement as well as disposal of lead as well as asbestos from the structure. For the filled story, go to Gov Monitor. |