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Posts Tagged ‘MEDC’

Michigan, Israel Join Forces in Advancement of Autos

New alliance may speed progress of EVs, safety technology.

by on Oct.30, 2014

Michigan Gov. Rick Snyder and Consul General of Israel to the Midwest Roey Gilad signed an agreement to promote joint industrial research and development projects.

Aside from having reputations for being tough, resolute and gritty, the State of Michigan and Israel are adding a new entry to their list of descriptors: technology leaders.

The Michigan Economic Development Corp. and the Israeli Ministry of Economy are partnering to form the Michigan-Israel Technology Connect program to spawn new ideas for electric vehicles and driver protection.

The Automotive Journal of Record!

Using their respective networks and databases, the MEDC and MATIMOP, the Israeli Center for R&D, will help companies identify potential partners for this program. In addition, it is anticipated that companies will be seeking their own partners independently. Each project will require one partner based in Michigan and another based in Israel. (more…)

Toyota Expands Tech Center as Part of North American Reorganization

Maker getting as much as $8.6 million in incentives in Michigan.

by on Aug.27, 2014

Toyota is getting as much as $8.6 million in incentives to offset the cost of a $32.5 million expansion of its tech center in Ann Arbor, Michigan.

As Toyota moves ahead with plans to reshape its North American operations, the automaker may get as much as $8.6 million in incentives to offset a $32.5 million expansion of its technical center in Ann Arbor, Michigan.

Toyota is moving 250 purchasing jobs from Kentucky to Michigan necessitating the larger facility. In addition to the expansion in Michigan, the maker is moving its headquarters from southern California to a suburb of Dallas, Texas.

Auto Insight!

The State of Michigan is providing a $4 million grant while York Township, near Ann Arbor, is also considering a 12-year property tax abatement valued at $4.6 million. (more…)