Global Tooling granted tax = abatement, moves to Macomb

From: Subject: Global Tooling granted tax abatement, moves to Macomb Date: Fri, 6 Mar 2009 13:59:55 -0500 MIME-Version: 1.0 Content-Type: multipart/related; type="text/html"; boundary="----=_NextPart_000_0022_01C99E63.D462DE90" X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.5579 This is a multi-part message in MIME format. ------=_NextPart_000_0022_01C99E63.D462DE90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Content-Location: http://www.candgnews.com/Homepage-Articles/2009/3-04-09/Global-Tooling-abatement.asp Global Tooling granted tax = abatement, moves to Macomb

Global=20 Tooling granted tax
abatement, moves to Macomb=20

By Erin McClary
C & G Staff Writer

MACOMB TOWNSHIP =97 The Board of Trustees approved a tax = abatement=20 transfer that=92s not only bringing a multi-million dollar = company to=20 Macomb Township, but also 400 new jobs, according to a = recent=20 announcement by Gov. Jennifer Granholm.

At a Jan. 26 meeting, petitioners from Global Tooling = Systems=20 asked that the Board of Trustees grant the abatement = transfer from a=20 former business=92s 12-year tax exemption. The company moved = out of=20 its building on 23 Mile Road, a half-mile west of Hayes, a = year=20 before its exemption expired. Global Tooling jumped on the=20 opportunity.

The board approved the request, allowing the company=92s = move from=20 its Utica location to the 200,000-plus square-foot building = in=20 Macomb Township, where it will continue its services for = commercial=20 and military aerospace industries.

In her announcement, Granholm said Global Tooling would = invest=20 $17.2 million to relocate. The announcement detailed eight = different=20 company expansions, noted the creation of 2,900 jobs in = Michigan and=20 highlighted the Michigan Advanced Battery Credits = initiative. She=20 said the new jobs would generate $162 million, and commended = communities like Macomb Township for approving tax = abatements for=20 expansions.

=93The property they bought in Macomb had a tax = exemption, and=20 we=92re allowing them to continue with (it),=94 said Macomb = Township=20 Clerk Michael Koehs. =93All we did was grant the (transfer) = of an=20 existing certificate =85 that expires at the end of that = year.=94

Macomb Township assessor Phyllis Sharbo said the building = is=20 huge, about 214,000 square feet, and that Global Tooling = most likely=20 picked the new location based on its size. She said the = exemption=20 gives Global Tooling a half-off taxes discount.

=93The abatement is 50 percent of taxes,=94 she = explained. =93They pay=20 50 percent of the millage rate, except for state ed; or half = the=20 millage rate, plus three.=94

Sharbo said that no tax abatements are exempt from taxes = on state=20 education millages.

Global Tooling spent the last week of February allegedly=20 preparing for its move to Macomb Township, just a few miles = down the=20 road from Utica. Granholm=92s announcement said the move = =93is expected=20 to create 400 new jobs, including 184 directly by the = company.=94

You can reach Staff Writer Erin McClary at emcclary@candgnews.com or=20 at (586) 279-1118.

Copyright =A9 2008 C = & G=20 Publishing
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