New, Expanded Businesses to Invest $90M in Oakland County

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Twelve companies either expanded or landed in Oakland County in May — the most economic development projects the county has seen in a single month since it began keeping track 10 years ago.

The investments — which total $89.7 million and are expected to create about 900 new jobs and retain 945 — include both emerging sector projects associated with such fields as advanced electronics and communications or information technology, and more traditional ones such as automotive.

“We’re putting the great recession behind us and moving quickly into a knowledge-based economy,” says Oakland County Executive L. Brooks Patterson.

Five of the companies — including Toyoda Gosei North America Corp. and Mahindra USA — have or will be located in Troy. Three will set up shop in Auburn Hills, and four others plan to grow in Oakland Township, Orion Township, Pontiac, and Rochester Hills.

Patterson created the Emerging Sectors program in 2004 to help diversify the economy and replace lost manufacturing jobs. The program targets both international companies looking to expand operations in North America as well as North American companies wanting to expand in Oakland County.

Since its inception, the program has generated investments totaling $2.7 billion, created or retained more than 47,000 jobs, and generated nearly $69 million in taxes, county officials say.

To access the monthly Emerging Sectors reports, visit AdvantageOakland.com.

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