Terumo capitalizes on MEDC tax credits in Ann Arbor

Wednesday, March 17, 2010 | Source: Detroit Free Press

Many Ann Arbor-based companies receive state tax breaks to create jobs, but few are taking advantage of them as effectively as the rapidly growing, Tree Town-based Terumo.

Excerpt:

To those searching for snippets of some of the good things going on out there, I offer up Terumo.

You may not have heard of Terumo, but lots of surgical patients have. Terumo products are used in cardiac and vascular surgeries in more than 1,000 cases a day worldwide.

Capitalizing on the growth in the medical device market, the Ann Arbor company, which includes Terumo Cardiovascular Systems and Terumo Heart, won a $1-million tax credit from the Michigan Economic Growth Authority almost two years ago to keep operations here and bring in more jobs -- which it has done. The two firms together employ 500 people in Ann Arbor and are the 24th-largest company in Washtenaw County.

Read the rest of the story here.

Related Company

Terumo Heart
6200 Jackson Rd
Ann Arbor, MI 48103 Website

Terumo's heartbeat grows stronger every day in Ann Arbor. After moving their manufacturing and R&D facilities from California to Michigan (yup, you read that right) the local office has seen more than 25 percent staff growth over the last two ...
University of Michigan
Ann Arbor, Michigan Website