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: $93,000 Program Name: New Personal Property Exemption Awarding Agency: Michigan Economic Development Corporation Type of Subsidy: tax credit/rebate Number of Jobs or Training Slots: 462 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.