Michigan Governor Says She Will Fight to Keep Pfizer/Pharmacia Jobs

Michigan Gov. Jennifer Granholm's team for maintaining Pfizer's jobs throughout the state is made up of officials from Southwest Michigan First and the Michigan Economic Development Corporation (MEDC). Its goal is to encourage Pfizer, the world's largest pharmaceutical maker, to not only keep the already existing 8,500 Michigan jobs through Pfizer and Pharmacia, but to also expand the existing Kalamazoo County operations.

What is Michigan willing to give to make the deal happen in Kalamazoo? The Michigan team's incentive plan is valued at up to $635 million over a 20-year period based on the company investing $784 million in four expansion projects and creating 2,100 new jobs in the Kalamazoo area. The majority of the incentives offered are only available to Pfizer if it maintains all 8,500 jobs in Michigan, including 5,000 in research and development, 2,000 of which are in Kalamazoo.

Article link.