Eaton Corp. announced plans to invest approximately $1 million to consolidate its operations in Jackson, Mich. The Michigan Economic Development Corp. (MEDC) approved a Single Business Tax credit valued at more than $5.5 million over seven years, while the city of Jackson has approved a 15-year Renaissance Redevelopment Zone designation worth $2.4 million up to 15 years to support the project.
Eaton Corporation’s Aerospace Operations is a global leader in the design, manufacture and marketing of high-efficiency hydraulic power generation, fluid conveyance, electromechanical control and actuation, electrical distribution and controls, and fluid monitoring and sensor products and systems for commercial and military aerospace applications.
The MEDC's ability to support Eaton’s aerospace business and Aeroquip brand was made possible by changes in the Michigan Economic Growth Authority Act and the Michigan Renaissance Zone Act enacted by the Legislature and signed by Governor Granholm last month.
“The collective efforts of [Michigan] Gov. Granholm, the MEDC and the city of Jackson created economic incentive packages that will help our Michigan aerospace operations remain competitive,” said Eaton Vice President and Aerospace Operations President Bradley Morton.
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