Terumo capitalizes on MEDC tax credits in Ann Arbor
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.
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 Articles
On-Demand Coaching helps Ypsi’s government and small businesses build a winning team
A Michigan Municipal League program helps Ypsi and other municipalities connect small businesses and entrepreneurs with existing capital and technical assistance.
Ann Arbor DDA expands its boundaries for first time, enabling new projects on city’s North Side
The goal of the Ann Arbor Downtown Development Authority’s expansion is to strengthen connections between downtown, the Huron River, and Ann Arbor’s North Side.
Ypsilanti African-American cemetery is being rehabilitated after decades of disrepair
The African American Cultural and Historical Museum of Washtenaw County has been cleaning up Woodlawn Cemetery and working to identify lost graves.
