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Ann Arbor Spark

June 15, 2010

Two Ann Arbor Companies Receive MEGA Tax Credits

NanoBio Corporation and Grand River Inc. received high-tech, five year MEGA tax credits on June 15th.  Both companies were approved by the Michigan Economic Development Corporation and the State of Michigan.  NanoBio is a privately-held biopharmaceutical company focused on developing and commercializing products for the prevention and treatment of infectious diseases.  They are committing to investing more than $1.4 million to expand its current facility and projects the creation of 32 jobs.  Grand River Inc. is an e-commerce technology company that is focused on development of open source e-commerce solutions for mid-market retailers.  It designed, developed and maintains such sites including Gander Mountain, HoMedics and LaJolla Group.  They are committing to investing over $1.1 million in capital and project the creation of 48 jobs.