The Michigan Economic Development Corporation (MEDC)  is helping several companies expand, including one in Wexford County.

The Governor made the announcement Thursday that 10 companies are getting some financial backing to expand through brownfield redevelopment projects.

Combined, the projects are expected to create 17,321 new jobs (5,749 direct and 11,572 indirect) and generate more than $804 million in new investment in the state.

"Companies are choosing to invest and grow in Michigan because we are a great state in which to do business," Granholm said. "From solar shingles and advanced batteries to boats and scrap-tire recycling, we are creating a diversified economy where firms across a wide spectrum of industries are finding success and growing new jobs."

Four Winns LLC - The manufacturer of recreational fiberglass boats has defined a project to invest up to $63 million over the next eight years, an average of $7.9 million per year, to expand in Cadillac to support increased production of Four Winns, Wellcraft and Glastron boat brands currently produced in Cadillac and Little Falls, Minnesota. Assuming a return to peak manufacturing levels, the project has the potential to create 5,255 total jobs, including up to 2,320 directly by the company, between now and 2018.

The MEDC estimates the increased economic activity created by the project could create an additional 2,935 indirect jobs. Based on the MEDC's recommendation, the MEGA board today approved a state tax credit valued at $27.1 million over eight years to encourage the company to expand in Michigan over competing sites in Minnesota and Tennessee.

For more information on MEDC projects click on THIS LINK.