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Former Xerox Subsidiary Eyes Michigan

SCIO TOWNSHIP, MI-The company making high-tech electronic paper may spend $29 million over three years to lease and equip a large facility with the assistance of tax abatements and other incentives worth more than $9 million.

By Robert Carr | Updated on December 20, 2001

SCIO TOWNSHIP, MI-Gyricon Media Inc., a company that makes electronic paper in California, is looking to build a plant here. The company plans to lease a large facility in the township and then invest in building upgrades, machinery and equipment.

The plans call for a $29 million investment at the site over a three-year period.

The Michigan Economic Development Corp., a private-public partnership formed to entice companies to the state, is offering assistance to the company in the form of a Single Business Tax credit of $8.2 million and a 100% abatement of the State Education Tax, worth about $340,000.

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