Michigan state approved tax breaks for 10 projects

The Michigan state approved tax breaks for 10 projects, including a business support company's proposal to create more than 1,900 jobs in Southfield and a health care company's plans to hire about 1,000 in Flint.

The Michigan Economic Development Growth Authority (MEGA) board approved $4.6 million in tax breaks over five years for a New Jersey firm putting up its facility in downtown Detroit. GalaxE Solutions promised to investing $4.2 million and to provide 500 jobs in return.

The Michigan Economic Growth Authority board approved a $9.1 million tax break over four years for Farmington Hills-based Minacs Group USA to invest $11 million in expanding at a new facility in Southfield. The project would include call centers and other services.

The board also approved a $61.5-million tax credit over 18 years for Flint Township-based Diplomat Specialty Pharmacy. The company plans to spend $12 million to move its headquarters to nearby Flint and expand in part of the Great Lakes Technology Centre, a former manufacturing and office complex.

Among other projects, PSCU Financial Services was granted a $3.5 million tax break over five years to encourage the financial service provider to invest up to $12 million to expand in Auburn Hills, creating more than 830 jobs.

The board also backed manufacturers, including a $5.6 million credit over seven years for auto parts maker Magna International Inc. to spend $49.2 million and create about 500 jobs, and a $1.8 million break over seven years for auto parts maker Tenneco to invest up to $15.6 million to create about 185 jobs.