powertrain systems

Metro Detroit continues to take more than its fair share of state tax credits to help grow local businesses.

Southeast Michigan companies have taken in $25 million worth of state tax credits awarded through the Michigan Economic Development Corp to leverage $107.4 million worth of investment.

That means an expectation of creating 1,594 jobs locally. The whole announcement means 5,749 jobs and more than $804 million in new investment in Michigan.

Mercedes-Benz Hybrid is one step closer to setting up a research-and-development center at the Redford Township facilities of its parent company, Daimler AG, now that local officials have approved a tax exemption for the expansion.