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MEDC Boss Says High-Tech A Focus

DETROIT-The chief of the Michigan Economic Development Corp. says his first priority is helping businesses already in the state to grow.

By Dan Heaton | Updated on January 20, 2005

DETROIT-Existing Michigan businesses are stepping up and re-investing in their state and home towns, says the point man for economic development in Michigan. Don Jakeway, director of the Michigan Economic Development Corp. since late 2003, says about 95% of the activity that the MEDC was involved with in 2004 involved Michigan companies re-investing in their Michigan operations.

“That’s our first priority, is keeping our Michigan businesses here at home, and then seeing what we can bring in from the outside,” Jakeway tells GlobeSt.com after participating in an event this week at the North American International Auto Show in Detroit.

Throughout 2004, the MEDC used tax credits for redevelopment of brownfield property and single-business tax credits to help spur projects large and small around the state. Recent examples of MEDC efforts include items as small as a $21,000 single-business tax credit toward a $210,000 private investment project to redevelop a former fire house inWyandotte into a retail/office complex; and a single-business tax credit of more than $1.7 million to help convince automotive supplier Affinia Group Inc. to locate its new headquarters in Pittsfield Township near Ann Arbor rather than at a competing site in the Toledo area.

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