Saab Cars North America Receives $1.2 Million Tax Credit Towards Royal Oak, Michigan Headquarters
March 16th, 2010, 1:15pm by Ryan - 0 Comments
This just in from Michigan Governor Granholm’s office & the Michigan Economic Development Corporation regarding Saab Cars North America’s new headquarters in Royal Oak, Michigan.
- Saab Cars North America – The global automaker plans to invest $2.4 million to establish its North American headquarters in Royal Oak, focusing on marketing, sales and product evaluation. The project is expected to create 158 total jobs, including up to 60 directly by the company.
The MEDC estimates the increased economic activity created by the project will create an additional 98 indirect jobs.
Based on the MEDC’s recommendation, the MEGA board today approved a state tax credit valued at $1.2 million over five years to encourage the company to expand in Michigan over a competing site on the East Coast.
The city of Royal Oak has approved an abatement valued at $29,000 to support the project.
http://www.saabusa.com/
—
MEMORANDUM
Date: March 16, 2010
To: Michigan Economic Growth Authority
From: Amy Deprez, Manager
Packaging TeamMarcia Gebarowski, Project Specialist
Packaging TeamSubject: Briefing Memo – Saab Cars North America, Inc.
High-Technology High Wage (Lookback) MEGA CreditCOMPANY NAME
Saab Cars North America, Inc.
100 Renaissance Center
Detroit, Michigan 48265HISTORY OF COMPANY
Saab AB is a Swedish company engaged in vehicle manufacturing. In 1990, General Motors purchased controlling interest in Saab AB, and in 2000 bought the remainder of the company. Spyker Cars N.V. purchased GM’s interest in Saab Automobile AB, for a mixture of cash and preference shares, resulting in Saab Cars North America, Inc. being established as the North American operations of Saab AB.Spyker Cars N.V., no relation to the prior Spyker Company, is a private company, founded in 1999, and headquartered in Zeewolde, Netherlands. Saab will be a stand-alone niche manufacturer with three or four model lines. Spyker believes strongly in the benefits to be achieved in the sharing of certain assets and technology services, especially Saab’s extensive global network of 1,100 dealers, marketing & sales, merchandising, promotion and sponsorship activities.
Saab Cars North America, Inc. is a new entity without a presence in Michigan currently.
Read more »

















Production







