Cobasys says it will relocate its research and development offices and invest $1.5 million in an office building in Orion Township, about 35 miles north of Detroit. The Michigan Economic Development Corp. is supplying up to $4.4 million in aid for the project.
"It will be our third birthday on Saturday. When we started this company, we had nothing but voice mail," Cobasys chief executive Tom Neslage notes. About 100 people will work there by January with a potential for 200 to 250 people within a few years, the company says.
"This is the direction we want to be headed in," Oakland County Executive L. Brooks Patterson says. "Sixty percent of emerging technologies are not present in the US. We plan to keep those we already have and go after those we don't."
Cobasys makes its nickel metal hydride batteries in Springboro, OH, and had considered relocating all of its operations there.
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