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Anybody that didn't see this coming are willfully burying their head in the sand, or just gullible dupes eating up the spoon-fed disinformation from bought off propaganda whores.
The Bridge changed from a bridge owned by Michigan to a Canadian owned bridge! A Canadian Crossing Authority will own the bridge now, even the half in Michigan.
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."
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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.
A state fund intended to create 390 Michigan jobs has loaned $7.7 million to 35 companies and created 79 jobs - only 20 percent of the number initially promised.
Ann Arbor SPARK received an $8 million grant in 2006 to create the Michigan Pre-Seed Capital Fund, which used $7.7 million of that amount. The grant was awarded as part of the Competitive Edge Technology Grants and Loans program, which exists "to encourage the development of competitive edge technologies to create jobs in the state."
Skip Simms, manager of the Michigan Pre-Seed Capital Fund, said in an email, "We saw a need for early stage capital for start-up technology based companies, which the private sector wasn't providing at the time."
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?
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.
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."
