Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: Denso International America, Inc.
Parent Company:
Denso
Subsidy Source: state
Location: Michigan
City: Southfield
Address: 24777 Denso Dr. Southfield
Zip: 48033
Project Description: Michigan Business Development Program - Denso International America, Inc., the North American regional headquarters of Denso Corporation, supports design, engineering and testing for powertrain, climate controls, body electronics and safety automotive products. The company plans to expand its new product research and development operations in the City of Southfield, investing $45.7 million and creating 176 new jobs. As a result, Denso International has been awarded a $1.54 million Michigan Business Development Program performance-based grant. Michigan was chosen over existing facilities in Japan and Tennessee. The City of Southfield has offered five-year property tax abatements valued at $1.5 million. PA 328 - 2012 PA 328 - 2012 Local Investment Local Investment $1,553,154 $1,553,154 PA 198 Local Mills - 2012 PA 198 Local Mills - 2012 Local Investment Local Investment Local Investment $5,675,000 $5,675,000 $5,675,000
Year: 2013
Major Industry of Parent: automotive parts
Specific Industry of Parent: automotive parts
Subsidy Value: $6,704,000
Program Name: Industrial Personal Property Tax Relief
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 176
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.