Archived Story

Overseas missions bring new investment, jobs to Michigan

Published 2:13am Tuesday, October 26, 2010

LANSING — In her weekly radio address, Gov. Jennifer M. Granholm Friday said her just-concluded overseas investment mission to France and Sweden is about going anywhere and doing anything to bring new investment and jobs to Michigan.

“My previous 10 missions to countries like Belgium, Germany, Italy and Japan have resulted in 48 companies announcing more than $1.8 billion in new investment in Michigan,” Granholm said. “That new investment has created or retained more than 20,000 Michigan jobs.”

“While I was in France, I met with executives from Valeo, a leading global supplier of automotive systems and components,” Granholm said. “Last June, Valeo opened a manufacturing facility in Highland Park. I also met with company officials from Dassault Systemes to discuss future Michigan business opportunities.  Dassault is one of the world’s largest IT systems companies and has operations in Auburn Hills along with its Delmia subsidiary.”

“In Sweden, I met with the managing director of URV, a manufacturer of wind turbine castings, and announced that URV USA plans to increase the capacity of its proposed foundry in Eaton Rapids, creating 276 jobs over the next four years,” Granholm continued.

“Pending financial support from the U.S. Department of Energy, the capacity of the URV USA foundry in Eaton Rapids could eventually quadruple.  It would be the largest specialized foundry for wind turbine castings in the world, supplying two-thirds of the big castings market in North America.”

“This investment mission to Sweden and France, like my previous 10 overseas missions, is about going anywhere and doing anything to bring new investment and new jobs to Michigan,” Granholm said.

“And every day between now and the end of the year, we’ll continue working to diversify Michigan’s economy and create new jobs.”

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