BASF Corporation broke ground this week in Wyandotte on a R&D, administrative and manufacturing facility for the recently-acquired Johnson Polymer. The development, which will add 175 new jobs, is a $147 million investment from BASF.
BASF was considering sites in Tennessee and Texas, but the Michigan Economic Development Corporation put together a tax credit package valued at up to $21.5 million that helped make the case for Michigan. In a statement, MEDC President and CEO James C. Epolito said, "In a competitive global economy, each new project and every new job represents a win for Michigan."
BASF employs 2,000 Michiganders, 1,000 in Wyandotte. The city is considering a $35 million package of local tax abatements over the next 20 years. The new facility will take about a year to build.
Based in New Jersey, BASF is the North American Affiliate of Germany-based BASF AG, one of the world's largest chemical companies.
Source: MEDC
Writer: Kelli B. Kavanaugh
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