Spanish Company Moving 600 Jobs to Michigan

By: Associated Press Email
By: Associated Press Email

A Spanish aerospace company has chosen Washtenaw County as the site for an engineering center that will employ up to 600 people.
Grupo Aernnova will invest about $10 million in the project, company officials said Tuesday.
The Michigan Economic Growth Authority board said it had granted a state tax credit exceeding $18.5 million over 15 years to lure the company, which had offers from competing sites in 15 states.
The center will be located in Pittsfield Township, where local officials are considering a 12-year tax abatement worth $304,000.
Grupo Aernnova is a Spanish company that designs and produces aeronautical structures and components. Its production and service centers are located in Spain, Brazil, Mexico and the United States.
The company plans to establish a "significant presence" in the North American aerospace market, said Inaki Lopez Gandasegui, chairman and CEO.
"The new center intends to tap the substantial engineering talent pool that exists in this area, including collaborations with the excellent local universities," Gandasegui said.
It initially will focus on supporting structural requirements of U.S. and European aircraft manufacturers, he said. Long-term goals include supporting U.S. aerospace defense programs and expansion into renewable resource technologies.

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  • by Benjamin Location: New York on Sep 19, 2007 at 10:51 AM
    It is great to see a story like this, but I hope it will be sustainable. If Americans were willing to pay a fair rate, instead of the dirt cheap price they have been accustomed to, for their products, then maybe companies COULD produce in the U.S. again. You can't whine about high prices and losing jobs at the same time. These areas of commerce are so intertwined--cutting costs works in both directions.
  • by bev Location: lansing on Sep 19, 2007 at 07:58 AM
    we need to see alot more of this.if other countries can offer deals to take our jobs we just need to make better may be like starting all over again,but it's a start at least.lower the business taxes if nessary,every bit helps.all taxes add up,big or small.bring back jobs no matter what it takes in a reasonable is the only way to heal michigan.
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