High-Tech Business Blitz in Oakland County

OAKLAND COUNTY, MI-Four companies, all engaged in high-tech activity, have located their new facilities in Oakland County. It’s estimated that these new facilities will create 934 new jobs, 578 directly by the companies. “The four projects represented here show that Oakland County is the technology center for the State of Michigan and not only in the automotive industry,” says to Oakland County Executive L. Brooks Patterson.

A Michigan Economic Development Corp. incentive package helped convince Tower Automotive Inc. to expand its existing technical center in the county. This project will create 236 jobs, 125 directly by the company. Tower Automotive chose Oakland over another Midwestern city for the expansion. The Michigan Economic Growth Authority board approved a Single Business Tax credit for Tower Automotive valued at $5.3 million during the next 10 years. Tower Automotive produces a broad range of assemblies and modules for vehicle structures and suspension systems for original equipment manufacturers of automobiles and light trucks.

The company Sequoia NET.com has decided to locate its new computer network and applications development center in Auburn Hills. An MEDC incentive package, including a $1.7 million tax credit, helped convince the company to consolidate operations in the city rather than dispersing its growth into various locations across the United States. This project will create 311 jobs, 225 directly by the company. Sequoia provides computer network infrastructure services and Web-based applications development.