Subsidy Tracker Individual Entry

Company: 
Molina Healthcare of Michigan
Parent Company: 
Molina Healthcare
Subsidy Source: 
state
Location: 
Michigan
City: 
Troy
Address: 
880 West Long Lake Troy
Zip: 
48098
Project Description: 

Michigan Business Development Program - Molina Healthcare, Inc., headquartered in Long Beach, CA, provides health management solutions to individuals and families who receive their health care through Medicaid, Medicare and other government funded programs. Molina Healthcare of Michigan, a subsidiary of Molina Healthcare, is headquartered in the City of Troy and began operating in Michigan in 1997. The company and its parent plan to consolidate Midwest operations and expand in Troy as well as lease downtown office space in the City of Detroit. The expansion is expected to generate up to $20.3 million and create 462 new jobs, resulting in a $2,296,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Kentucky, Texas, Florida and Arizona. The City of Detroit has offered support to the project in the form of property tax abatement, and the City of Troy will provide value-add services including staff time.

Year: 
2014
Major Industry of Parent: 
healthcare services
Specific Industry of Parent: 
health insurance
Subsidy Value: 
$25,000
Program Name: 
Commercial Personal Property Tax Relief
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
tax credit/rebate
Number of Jobs or Training Slots: 
462
Notes: 

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes: 
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