American Broach & Machine Company will establish a new research and development center in the Ann Arbor region and today received a MEGA tax credit totaling $572,782 to help encourage the expansion.
American Broach & Machine Company, a designer and builder of machine tools for the auto and defense sectors, plans to invest $25 million in a new research and development center in Ypsilanti. The company expects the project to create up to 43 new jobs.
The MEGA award helped convince American Broach & Machine Company to invest in Michigan over competing sites in Canada and China.
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