Businesses Announce New Investments in Oakland County and Washtenaw County, Michigan
Grupo Aernnova SA of Spain has announced that it will invest $10 million to open a new engineering facility in Pittsfield Township, a suburb of Ann Arbor in Washtenaw County. The Spanish company's center will focus on supporting the commercial aerospace structural requirements of large U.S. and European aircraft manufacturers. Grupo Aernnova designs and produces aeronautical structures and compenents and has said that its long-term plan is to provide support to U.S. aerospace defense programs. Grupo Aernnova's CEO has stated that one of the draws of Washtenaw County was its deep engineering talent pool and proximity to world-class universities.
In addition to the arrival of Grupo Aernova in Washtenaw County, three other companies have announced significant expansions in Oakland County. Azure Dynamics, Credit Acceptance Corp. and MARS Advertising Price Logic have announced their intention to expand their operations in Oakland Country that could possibly lead to the addition of 1,552 new jobs in that county.
All in all, the total capital investment of these four companies in the Michigan economy is expected to total around $7.8 million. Although this may seem meager in light of Michigan's steep economic woes, it is definitely a step in the right direction and news that we all can cheer here in Michigan.
