![]() ![]() That's in addition to the $22-million SBT credit over 12 years and $6.4 million tax abatement over 12 years that the respective parties offered for the original $117-million project, announced in 2003. Superior Township's board last week approved a tax abatement valued at $12.1 million over 12 years. The Michigan Economic Development Corporation (MEDC) offered a Single Business Tax credit valued at more than $32.6 million over 20 years. "Our continued commitment to Michigan is a sign of our support of the state's research and development sector and the Governor's overall economic plan." we would like to thank Governor Granholm, the Michigan Economic Development Corporation and Superior Township for their outstanding assistance with this project," Hyundai America Technical Center President Dr. "On behalf of Hyundai America Technical Center, Inc. While several states chase the pending Kia assembly plant, Hyundai-Kia's multiple technical center investments are right up Michigan's Automation Alley. technical center investment in Superior Township, Mich., with a further $94-million, 600-employee investment announced over the holidays. While the rest of North America slobbers over attracting its Kia assembly plant, Hyundai-Kia has leapfrogged a $68-million, 140-worker U.S. ![]() Call it a quiet blockbuster, if you will, its impact reverberating like ripples in a very talented labor pool. ![]()
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