The Michigan Economic Growth Authority approved a tax break for Daimler AG in order to encourage Daimler AG to build a $10 million research center near Ann Arbor today. The center will focus in on Mercedes-Benz development of conventional and alternative (hybrid) propulsion systems and it will be caled the Mercedes-Benz Engineering Center for Powertrains USA.
Mercedes-Benz will hire 223 workers over 10 years for the new facility in Washtenaw County. The company is looking for 65,000 sq. ft. of space.
The tax breaks are contingent on the company's ability to obtain a municipal tax abatement.
Eight other companies were also granted state tax breaks to locate in the area.
Tuesday, March 17, 2009
Michigan Approves Tax Break For Mercedes-Benz Propulsion Center
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