Saturday, June 07, 2014

How Michigan lost grip on Method Home Products

Crain's Detroit Business

Method Home Products could have made Detroit — or one of several other Michigan cities — home for a large soap manufacturing plant. It could have built a 200,000-square-foot factory. It could have invested $35 million. It could have created 100 green-manufacturing jobs.

Instead, the spoils went to Chicago.

A year and a half ago, Detroit didn't step up to help the San Francisco-based company through the labyrinth of tax credits, abatements, zoning laws, real estate rules, legal wrangling and everything else it takes to turn an abandoned brownfield site into a successful business, said Adam Lowry and Eric Ryan, the Detroit-area natives who founded Method.

Mike Finney, president and CEO of the Michigan Economic Development Corp., said his organization also dropped the ball by not providing site information or tax incentive information quickly enough — although the MEDC has since improved its business attraction efforts. More here.

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