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PORTAGE, Ind. - Governor Mitch Daniels joined executives from Fronius USA, LLC, the fourth-largest solar inverter producer in the world, today to announce that the company will relocate its North American headquarters here from Michigan, creating up to 512 new jobs by 2016.
The Austrian company will invest more than $26.64 million to lease and equip 400,000 square-feet of space in Portage to assemble and manufacture its products for the North American market. Through this new facility, Fronius plans to develop its current manufacturing capacities to meet the global demand for solar electronic inverters and welding technology.
"We're excited to bring new jobs anywhere in Indiana, but we're particularly excited Fronius has chosen northwest Indiana," said Daniels. "Fronius is well-established, fast-growing and at the top of their field, exactly the kind of company we've rebuilt the Indiana business climate to attract."
Fronius' relocation marks the 1,000th new business establishment or expansion the Indiana Economic Development Corporation, the state's lead economic development agency, has completed since its inception in 2005.
Established in Brighton, Mich. in 2002, the family-owned, international company has been engaged in solar electronics since 1992, in particular the development and production of photovoltaic inverters for both grid-connected and independent power supplies.
"Indiana has a great business climate with a perfect infrastructure for us, including a good network of suppliers and skilled employees," said Wolfgang Niedrist, managing director for U.S. sales at Fronius. "We can't wait to get to know the people of Indiana even better as we move into the community."
....
Fronius' establishment in Indiana comes on the heels of two recent announcements from companies also relocating to Indiana from Michigan. Earlier this month, Spartan Motors, Inc. announced its plans to relocate parts of its operations to Wakarusa from Michigan, creating up to 60 jobs by the second half of 2012. In May, Molded Foam, LLC announced its acquisition of a Michigan firm and intentions to relocate operations to Indiana, creating up to 45 jobs in Elkhart County by 2014.
So it goes... Michigan continues to hemorrhage its Private Sector Job Creators flowing into Right-To-Work Indiana. That really should make one question the motive behind Gov Snydholm going "all in" with bypassing the Legislature on his relentless Non-Agreement Agreement campaign for his quasi-government DRIC agenda.
LANSING, Mich. - Gov. Rick Snyder today announced that Rodney Stokes will be the administration's point man on working with cities to help them become more vibrant and inviting by enhancing their existing resources. Stokes, who currently serves as Department of Natural Resources director, will leave that position to join the Executive Office.
"Michigan's cities are brimming with unique natural and man-made assets that can be cultivated in ways which attract families and visitors, retain talented workers, encourage investment and enhance our overall quality of life," Snyder said. "Rodney has the talent and experience to make that happen. His expertise in the areas of natural resources, outdoor recreation, policy development and civic engagement make him well suited to partner with cities in these efforts. A strong Michigan needs strong cities. Rodney's work will be key to that success and we're fortunate to have a person of his caliber at the forefront of this critical initiative."
As the governor's special adviser for city placemaking, Stokes will work with cities on projects such as ensuring the availability of quality green space and enhancing recreational opportunities.
....
Snyder emphasized the need for Michigan and its communities to adopt a "placemaking" mindset in his March 2011 Special Message to the Legislature on Local Government Reform. Placemaking recognizes that economic development and community development go hand in hand. It is a multifaceted approach that encourages a fresh look at the potential use of assets such as parks, downtowns, waterfronts, neighborhoods and buildings.
Unfortunately, CATO pulled its punches on ObamneyCare much like have the goofy edge-nibbling Health Care Compact proponents. The right way of addressing Federally administered RomneyCare for all?
It's yet another pretty sad day for the "DELE-GATE" tattered MI-GOP when even a slippery goonion labor propped up turd like Richardville is cut out of the loop by the Governerd.
via The Detroit News
Despite a big grin on his face, Gov. Rick Snyder sidestepped questions Tuesday morning about a possible announcement this week on an agreement to build a new bridge to Canada.
Snyder fielded questions about the New International Trade Crossing after speaking at a transportation summit at the Motor City Casino in Detroit.
"There's supposed to be announcement on Friday? I hadn't heard that," teased Snyder. "All I will say is that I'm fully committed to building the NITC because of its importance to the economy of Michigan and Canada."
Bull. Sh!t! It's more than obvious that this shady Canadian schemed Public Private Partnership, Chicom and NAFTA entwined goonion labor payola boondoggle Bridge deal being foisted upon U.S. taxpayers by the Governerd, Prince William Clay II, and LaHood just has to reek to high heaven. Frankly, I'm not so sure anymore that if we all ended up with a Gov Bernero instead of the Ann Arbor Nerd, that 'ol Virg would've been as brazen and as slimy in this unnecessary bridge as Ricky Ardesta is. As much as I hate to say it, even a lame-duck Jenny the now Wartless wasn't this devious and clandestine when pursuing it as the DRIC.
TEA movement folk, y'all might want to be seriously scouting for a Governerd primary challenger now.
A New International Trade Crossing would not be built with Chinese steel and was never going to be built with Chinese steel, contrary to a Detroit News columnist's assertion to the contrary, said Canadian Consul General Roy NORTON today.
Norton said whoever tipped off Nolan FINLEY did not "know anything about Canada's procurement policies" and created what he called "not a well-founded story." Norton said Canada doesn't have a preference for Chinese steel and the competitive open bidding process will yield a product that will give taxpayers value. (MIRS June 5, 2012)
Oh man, what a mess. Someone opened up the Pandora's Box about Canada's complete control over the DRIC bridge based on the Letter of Intent of $550 million. After all, there are the secret Terms and Conditions that have never been revealed in that letter that had to be negotiated. Note what the Consul General said "Canada's procurement policies."
When you supposedly provide all the money, then you can make all the rules. Michiganders finally have understood that. The issue became apparent over the use of the Chinese steel in the construction of the Bridge.
Of course, as I speculated, the real role that the Chinese will play is that they will be the P3 operator of the Bridge and will build, finance and maintain it over the next hundred years. It is an expanded role of that which they undertook in San Francisco. Naturally, that is required because no P3 proponents will ever finance the multibillion dollar DRIC boondoggle without Government guaranteed availability payments. Accordingly, the Chinese are prepared to step into the breach, provided of course that Chinese steel, labour and other materials are used. Or so they are leading everyone to believe at this stage.
So it goes... yesterday it's Penske, today it's Target.
via The Detroit News
The Target Fireworks will go off as planned this month, but the cash-strapped city will get help from county and state authorities to help keep downtown secure, Mayor Dave Bing said Wednesday.
Wayne, Oakland and Macomb counties and the Michigan State Police have committed to helping with public safety and offsetting security costs estimated at about $700,000, Bing said in a statement. This year's fireworks are set for June 25.
"After assessing the considerable public safety costs, we have reached out to and received the support of Wayne, Oakland and Macomb sheriff's offices and the Michigan State Police to help ensure that this year's fireworks display would go on as scheduled," Bing said.
Bing added the city will need help with other big downtown events.
Is there anything that Bing and the city can do without using other peoples money? Amazing. Target decides it wants to get some advertising by propping up an event in a war zone, and the public gets stuck with paying for their zookeeper.
A123 in April received a two-year extension on its deadline to spend a $249.1 million grant from the federal government, originally received in 2009. The money was to be used for the construction of new lithium-ion battery manufacturing facilities in Michigan. A123's Livonia plant opened in 2010, and its Romulus plant opened last year. The company had $120 million left of the $249.1 million grant.
The hiring announcement comes after the company has hit financial problems. In March, A123 said it would spend about $55 million to replace defective battery packs in five battery packages that were assembled at its plant in Livonia.
In addition, financial losses have accelerated. In its 2011 earnings, A123's loss grew 69 percent to $257.7 million from the year earlier. And in April the company reported a first-quarter loss of $125 million -- a 133 percent increase from the $53.6 million loss during the same quarter in 2011.
Mayor Dave Bing and Gov. Rick Snyder met today in Bing's office with LaHood; businessman Roger Penske, chairman of the M-1 project; and several members of the Michigan's congressional delegation to discuss the issues.
....
Penske said he was "very excited" about LaHood's comments that he is in favor of the project. "We have to be sure we have all the technical information available to us," he said. "There's a concern, potentially, about who's going to run this."
Penske said it was clear the federal government wants a regional transportation authority [think bridge] to help with the project.
Investors with the M-1 group submitted their plans to federal officials in April. Group officials said they had raised most of the $137 million needed to build the line and pledged to pay 80 percent of the annual cost of operating it through 2025.
The rail line would extend 3.3 miles from downtown, north to the New Center Area.
Can y'all get over the size of the stones on those like Roger in the Billionaire Club walking around with their hand out for taxpayer money?
All of them in Detroit. Penske, Gilbert, Ilitch, and the Ford's. They all talk Free Market, but sure as hell don't mind Socialism when it comes to feeding their Crony Capitalism and Corporate Welfare wallets.
