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Tax Credit Sways Incat to Expand HQ

NOVI, MI-UK-based INCAT International has announced plans to expand its headquarters in this Detroit suburb, creating 500 jobs. A High-Tech Single Business Tax Credit worth about $5.7 million is a deciding factor.

By Dan Heaton | Updated on July 21, 2004

NOVI, MI-INCAT International Ltd. will expand its headquarters here, resulting in 300 new direct jobs and an additional 235 indirect Michigan jobs over the next 10 years. The expansion, expected to include brick and mortar improvements as well as technological upgrades to the North American headquarters on Bridge Street, is prompted by a High-Tech Single Business Tax Credit worth about $5.7 million, thanks to the Michigan Economic Development Corp.

So far, INCAT Systems officials expect to invest $7 million over the next five years in computing and office equipment at their headquarters, with other expansions to come. “We’re pleased that Michigan will remain the base of operations for our professional services in North America,” says INCAT chief executive officer Ulrich Herter.

“In addition to continuing to provide critical design and engineering services and IT technology to manufacturers throughout the country from this location,” he adds. “We will be able to continue attracting the world’s foremost experts and top technology talent to our organization and to the state.”

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