ArvinMeritor announced plans to invest $23 million over the next five years to expand its advanced technologies capabilities at its technical center in Troy, Mich.
The company expects the project to create 125 jobs by 2014.
"ArvinMeritor is investing in a spectrum of advanced technologies that are focused on fuel efficiency, next generation brake technology, suspensions and vehicle dynamics capabilities," said Carsten Reinhardt, chief operating officer, ArvinMeritor.
ArvinMeritor applied for and received a MEGA grant (Michigan Economic Growth Authority) through the MEDC (Michigan Economic Development Corp.) valued at $2.2 million. The City of Troy has proposed support for the project through consideration of PA 198 personal property and facility rehabilitation exemptions. In addition, Oakland County has offered support valued at up to $1.6 million with training grants available through its workforce development program.
More info: arvinmeritor.com
The company expects the project to create 125 jobs by 2014.
"ArvinMeritor is investing in a spectrum of advanced technologies that are focused on fuel efficiency, next generation brake technology, suspensions and vehicle dynamics capabilities," said Carsten Reinhardt, chief operating officer, ArvinMeritor.
ArvinMeritor applied for and received a MEGA grant (Michigan Economic Growth Authority) through the MEDC (Michigan Economic Development Corp.) valued at $2.2 million. The City of Troy has proposed support for the project through consideration of PA 198 personal property and facility rehabilitation exemptions. In addition, Oakland County has offered support valued at up to $1.6 million with training grants available through its workforce development program.
More info: arvinmeritor.com
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