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Molded Foam, LLC, a manufacturer of foam seating and cushioning materials, announced today that it will acquire a Holland, Mich. firm and relocate its operations to Indiana, creating up to 45 new jobs by 2014.
The company, which provides polyurethane foam cushioning to customers in the defense, medical, office-furniture and transportation industries, among others, plans to invest more than $3.8 million to purchase and equip additional space to house the new operations which will include a new molded production line.
"We take this relocation project as an encouraging sign that we're taking the right steps to make Indiana the most attractive place to run a business," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Job growth is great news for any community, but it's especially gratifying when new investment happens in a smaller community like Bristol."
Molded Foam, LLC, plans to begin hiring additional manufacturing and supervisory associates early this summer as the new production line becomes operational.
Well, that's what the "BIG TAX BREAK" equates to for a $50,000/year income.
Michiganians can expect individual tax relief this year as part of an agreement on the state budget hammered out late Wednesday that also includes more money for education, roads and film tax credits.
The state will use $90 million in one-time money to reduce personal income taxes by one-tenth of a percent through either a reduction in the rate, a personal exemption or a combination of both, according to Gov. Rick Snyder's office. He and Republican legislative leaders have still to work out the details.
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Another $180 million will be added to the schools budget, including $106 million to pre-fund the school employees retirement system with the remainder going to K-12 classrooms.
Snyder emerged from a late Wednesday afternoon budget huddle with House Speaker Jase Bolger and Senate Majority Leader Randy Richardville saying, "It's making soup; it's good stuff."
The Republican governor told reporters Wednesday he still hopes the GOP-led House and Senate will approve moving forward on a new bridge between Detroit and Windsor, Ontario. But he's also pursuing other options.
Message to Gov Snydholm... It's the numbers, stupid.
The numbers don't lie, nor can you hide from them, Gov Snydholm.
The group planned to develop more than 400 housing units that would be sold to Chinese buyers, creating a concentration of Chinese immigrants on what is now mainly farmland.
According to warranty deeds filed with Monroe County, Sino Michigan Properties paid $1.9 million for the land.
A Chinese Group Plans To Construct A 200 Acre "China City" In Michigan
A Chinese group known as "Sino-Michigan Properties LLC" has bought up 200 acres of land near the town of Milan, Michigan. Their plan is to construct a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens. Essentially, it would be a little slice of communist China dropped right into the heartland of America.
Gov. Rick Snyder is urging the U.S. Senate to pass legislation that would allow Michigan to extend its 6 percent sales taxes to purchases from out-of-state Internet retailers.
Snyder sent a letter to senators this week endorsing the Marketplace Fairness Act, which would enable states to collect sales taxes from online retailers like Amazon and Overstock.com.
"By enabling remote sellers to ignore the collection of sales and use taxes, it provides them an unfair competitive advantage and threatens the viability of retailers throughout our communities, many of which are locally owned small businesses that reflect the unique character and culture of the Great Lakes State," Snyder wrote in a letter sent Monday -- and obtained Friday by The Detroit News -- to Senate Majority Leader Harry Reid of Nevada and Minority Leader Mitch McConnell of Kentucky.
No, a-hole. You lower the taxes on the brick and mortar retailers, and get government bureaucrat fiefdoms the hell out of all this cradle-to-grave mentality nonsense altogether.
Fort Wayne, Ind. - Android Industries, a specialty equipment manufacturer and complex assembler, announced plans today to locate a new operation here, creating up to 66 new jobs by 2013.
The Michigan-based automotive company, which specializes in sub-assembly, sequencing and logistics, will invest $8.97 million to lease and equip a 55,000 square-foot space at 13008 Fogwell Parkway Rd. Android, which plans to begin facility renovations this spring, will also add 4,000 square feet to the office area and additional shipping bays.
"We have worked hard to create one of the best business climates in the country," said Governor Mitch Daniels. "I am happy that Android chose Indiana to open this new operation. Their new home will give them every opportunity for success due to our pro-growth environment and the unrivaled work ethic of Hoosiers."
Android, which has more than 2,000 employees globally, will begin hiring manufacturing and robotic programming associates in Allen County this summer.
"Android chose Indiana and specifically Fort Wayne because it's both an employee- and employer-friendly environment," said David Donnay, vice president of human resources at Android. "Recently, Indiana became a right-to-work state and offers us a competitive location and a skilled work force to complement our state of the art technology. All of these factors went into choosing Indiana as an optimal location."
Founded in 1988, Android today serves automotive clients at its 17 plants worldwide, including locations in Mexico, Spain and Brazil. Android's team also manages more than $8 billion of material each year in its supply chain management division.
Lansing- The University of Michigan and Michigan State University could lose millions in state aid next year if they don't comply with legislative dictates that some view as ideological micromanaging of the state's largest universities.
The Republican-run House higher education appropriations subcommittee approved a plan Friday to withhold $4.78 million in state aid from U-M next year if it fails to report how many human embryonic stem cell lines it has in its research labs.
MSU could lose out on $6.79 million for requiring students to have health insurance, the committee said. Under the label of "performance measures," the panel attached the restrictions to a pool of $36 million in new money for universities.
It is very important to note the following.
Voters authorized a constitutional amendment in 2008 to allow Michigan scientists to create embryonic stem cell lines. But lawmakers included a requirement in the 2012 budget to have researchers file an annual report with a handful of figures, including how many stem cell lines it has created.
The Senate and Gov. Rick Snyder did not include such restrictions in their recommended university spending plans, Boulus said.
