![]() ![]() 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. The project is expected to generate more than $1.7 billion in personal income for Michigan workers over the life of the tax credit. Superior Township has proposed a tax abatement valued at $12.1 million over 12 years to support the project.Ī University of Michigan economic analysis estimates that increased economic activity from the expansion alone will generate an additional 414 indirect Michigan jobs, in addition to the 600 created directly by the company. The MEDC approved a Single Business Tax credit valued at more than $32.6 million over 20 years to win the company’s business. “The high-tech, high-paying jobs created are exactly what we need to transform our economy to meet the demands of the 21st century.” “Hyundai’s continued investment in our state is a testament to our global leadership in automotive R&D,” Granholm said. ![]() Assistance offered through the Michigan Economic Development Corporation helped convince the company to expand in Michigan over Alabama. The expansion will create 1,014 new jobs, including 600 directly by the company. Granholm announced today that Hyundai will invest $94 million to expand its newly opened, state-of-the-art technical center in Superior Township near Ann Arbor. Company to Invest $94 Million, Create 1,014 New Jobs in Superior Township ![]()
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