LANSING -State Senator Glenn S. Anderson announced today that the Michigan Economic Growth Authority (MEGA) board has approved a state investment incentive valued at $1.67 million over six years to help convince automotive supplier NYX, Inc. to invest in Livonia, Michigan over competing sites in Indiana and Tennessee. This is great news for the working men and women of Livonia as we secure this investment, and the related jobs, here in Michigan instead of watching it head out-of-state or to another country, said Anderson, who serves on the Michigan Senate Economic Development Sub-committee of Appropriations and the Michigan Council for Labor and Economic Growth. The economic value and impact of this project goes beyond the direct jobs and paychecks for local families, generating even more activity as those employees spend money in the community. NYX, Inc. is a minority-owned market leader in automotive interior and under-hood products and five-time General Motors Supplier of the Year. They plan to open a new corporate office and technology center, along with a manufacturing operation, in Livonia. Based on the Michigan Economic Development Corporation's recommendation, MEGAs approval of the project is expected to create 390 new jobs, including 168 directly by the company. An economic analysis conducted by the MEDC estimates the project will generate an additional 222 indirect jobs. The city of Livonia plans to also provide financial incentives and support to assist the project. These are just two of 18 companies the MEDC is helping grow in Michigan. Combined, the projects are expected to create and retain 21,602 jobs and generate over $1.05 billion in new investment in the state. # # # |