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TROY, MI-Military contractor American Systems Technology Inc. (ASTI) will invest $3.7 million to expand its research and development operations in this city north of Detroit. ASTI had been considering an expansion in its Troy location while also contemplating a site in Alabama.
ASTI says the nearby location of the US Army's National Automotive Center (NAC) and Tank-Automotive Research, Development and Engineering Center (Tardec), both part of the Detroit Arsenal in Warren, helped influence the company's decision. ASTI says about 165 high-tech jobs would be added as the result of the expansion.
Also to support the project, the Michigan Economic Development Corp. approved a business tax credit valued at more than $2.5 million over seven years to win the project. The City of Troy, Oakland County, Automation Alley, Walsh College and the Troy Chamber of Commerce will also provide benefits to the company valued at more than $26,000 including training assistance, worker recruitment, additional office space and memberships to the city's aquatic center and chamber of commerce.
"The Troy community pulled together through the county, Walsh College and the chamber to provide the needed benefits required by the state for this package of financial incentives," Mayor Louise Schilling says in a statement.
ASTI CEO Joe Huang applauds the support of Tardec and NAC, as well as the local community, the state and governor. "We know that Michigan is the right place for us to be to grow our operations and serve our customers," Huang concludes. ASTI provides advanced electronics and information technology equipment for military ground vehicles.
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