MICHIGAN ECONOMIC GROWTH AUTHORITY ATTRACTS TWO INDUSTRIAL COS.

ANN ARBOR, MICH. — Ann Arbor-based GDI Infotech Inc. and Terumo Cardiovascular Systems have announced plans to expand and relocate to its Ann Arbor location. GDI Infotech has launched a new solutions division, which is expected to create 233 jobs. Based on recommendations made by the Michigan Economic Development Corp., the Michigan Economic Growth Authority has approved a state tax credit valued at $1.5 million over 7 years for the expansion.
Additionally, Terumo Cardiovascular Systems has plans to relocate its R&D operations from Tustin, Calif., to Ann Arbor. The project will include an addition of 14,000 square feet of space, as well as a new chemistry lab. To support the project, the Michigan Economic Growth Authority has approved a state tax credit valued at $855,000 over 7 years. Terumo Cardiovascular Systems will invest $3.57 million in the relocation and expansion.