BorgWarner selected Marshall over Indianapolis for its new high-technology research and development facility. The facility will create 180 new jobs, 59 directly by the company, for Michigan workers.
The new facility will house all of the company's U.S.-based research, product and applications engineers and technicians. It will develop engine cooling system solutions for improved engine temperature management. The project includes a company investment of $7.7 million, with land, building, machinery and equipment costs. Of the new jobs, 121 spin-off jobs will be created from increased spending by people who receive income from the jobs at the BorgWarner Cooling Systems of Michigan Inc., according to an economic analysis done by the University of Michigan.
A key feature of the MEDC incentives package is a high-tech Michigan Economic Growth Authority tax credit, approved Tuesday by the MEGA board, worth an estimated $1.9 million over 10 years. MEGA, which is administered by the MEDC, is used to promote quality economic growth, job creation and retention in Michigan. In addition, the incentives package also featured an abatement of the six-mill State Education Tax for up to 12 years and job training assistance valued at $59,000 to attract BorgWarner Cooling Systems' new research and development facility.
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