To help lure Saab to the Southeast Michigan suburbs, the state's Economic Development Authority has reportedly granted Saab a five year, $1.2 million high technology tax break. In exchange, the state of Michigan keeps 60 jobs that pay, on average, $88,000 per year and opportunity for growth in the next few years. In fact, Saab says there is potential for the company's North American headquarters to grow to 158 people by 2014. That would represent an estimated $2 million per year for the beleaguered state, a development that would turn the tax break into a win for the region.
Mike Colleran, chief operating officer of Saab Cars North America, told the DetNews that the company closed on the 13,000 square foot facility in February and employees will inhabit the building by the end of March.
[Source: The Detroit News]