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EAB Fabrication To Expand Rather Than Move

QUINCY, MI-The company overlooks Indiana and decides to stay here, as the state comes through with a Single Business Tax credit valued at $331,000, with the village expected to kick in a property tax abatement worth an estimated $100,900 over 12 years.

By Dan Heaton | Updated on October 25, 2004

QUINCY, MI-EAB Fabrication Inc. will expand its operations and build a new facility here, creating 137 new jobs for Michigan workers, including 75 jobs created directly by the company. The expansion is a result of assistance offered through the Michigan Economic Development Corp., which approved a Single Business Tax credit valued at $331,000 to help convince the company to choose Michigan over a competing site in Indiana.

The expansion is expected to generate $800,000 in private investment.”This is one of the first projects to benefit from a new law that helps the state create high-paying jobs in rural communities,” says Gov. Jennifer Granholm. “EAB’s decision to stay and grow in Michigan is a testament to the fact our state can compete and win in the global marketplace.”

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