Archive for February, 2013

10 REASONS TO INVEST IN MICHIGAN USA

Friday, February 15th, 2013

Snyder: 14 companies to invest $1.1 billion, add 4,590 jobs in state

Wednesday, January 23, 2013LANSING, Mich. – Gov. Rick Snyder today announced the Michigan Strategic Fund’s approval of state incentives to support 14 business expansions that are expected to generate more than $1.1 billion in investments and add 4,590 jobs in Michigan.

“Our reinvention of Michigan is all about more and better jobs for families and bright futures for our children,” Snyder said. “At the end of the day, that’s what this announcement really means. The fact that these companies are choosing to stay and grow in Michigan reinforces our well-earned reputation as America’s comeback state. The commitment and innovation of these job creators, coupled with the high quality of Michigan’s talent, will keep our state moving forward. I applaud this tremendous investment in Michigan’s future.”

The Michigan Strategic Fund today approved:

Michigan Business Development Program incentives

Cosma International is an operating unit of Magna International, a leading global automotive supplier. Cosma International plans to open an automotive casting components and systems facility in the city of Battle Creek, subject to completing all necessary commercial arrangements and receiving necessary approvals. Once established, the facility will be known as Cosma Casting Michigan and is expected to create up to 572 new jobs based on investment of up to $162 million. As a result, the company has been awarded a $1.6 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites. The city of Battle Creek has offered support to the project in the form of property tax abatements.

DENSO International America Inc., the North American regional headquarters of DENSO Corp., supports design, engineering and testing for powertrain, climate controls, body electronics and safety automotive products. The company plans to expand its new product research and development operations in the city of Southfield, investing $45.7 million and creating 176 jobs. As a result, DENSO International has been awarded a $1.54 million Michigan Business Development Program performance-based grant. Michigan was chosen over existing facilities in Japan and Tennessee. The city of Southfield has offered five-year property tax abatements valued at $1.5 million.

DENSO Manufacturing Michigan Inc., a subsidiary of DENSO International America, produces automotive air conditioning and engine cooling components and systems. The company plans to invest $105 million in new manufacturing capabilities for advanced thermal management products including new lines for radiator and condenser products in the city of Battle Creek, creating 266 jobs. As a result, DENSO Manufacturing Michigan has been awarded a $1.46 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Arkansas, Ontario and Mexico. The city of Battle Creek has offered five-year property tax abatements valued at $1.5 million.

 

Fair Oaks Farms Brands Inc. is part of a cooperative owned by a group of large dairy farming operations in the upper Midwest. Fair Oaks plans to manufacture nutritionally enhanced liquid milk products at a newly constructed facility in the city of Coopersville. The applicant expects to invest $127 million and create 133 jobs, resulting in a $900,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in New York, Pennsylvania and Indiana. The city of Coopersville has offered support in the form of 12-year property tax abatements.

 

Integrated Manufacturing and Assembly, a Lear subsidiary, manufactures and assembles automotive seating components. The company plans to expand operations at an existing facility, install new machinery and equipment and expand into a new facility in the city of Detroit. The company plans to invest $13.85 million and create 755 jobs, resulting in a $3 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Indiana and Ohio. The city of Detroit is considering 12-year property tax abatements for the existing facility valued at $942,479.

 

Lear Corp., headquartered in Southfield, is a world leader in providing complete seating and electrical distribution for the automotive and aircraft industries. Lear plans to expand its operations in an additional facility in the city of Highland Park, investing $18.75 million and creating 334 jobs. As a result of the expansion, Lear has been awarded a $1.6 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Ohio and Indiana. The city of Highland Park is supporting the project with 12-year property tax abatements valued at $3.4 million.

 

Moran Iron Works Inc. is a custom fabrication facility that has been designing, developing and manufacturing custom large metal modular components since 1978. The company has the opportunity to make larger products, and in order to do so, needs to expand its facility in the city of Onaway and make dock and facility improvements at the Port of Calcite in Rogers City. The company plans to invest $16.2 million and create 75 jobs, resulting in a $2 million Michigan Business Development Program performance-based grant. Presque Isle County has offered support to the project in the form of a purchase of a boom crawler crane to be used at the Port of Calcite.

 

Norplas Industries Inc. is a manufacturing division of Magna Exteriors and Interiors, an operating unit of Magna International, one of the world’s most diversified auto suppliers. Norplas plans to open a new state-of-the art robotic paint line and injection molding process operation in Delta Township and a new operation for light assembly and sequencing of front-end modules in Brownstown Township. The company plans to invest $81.75 million and create 658 jobs, resulting in a $2,000,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites. Both Delta Township and Brownstown Township are offering support to the project in the form of property tax abatements.

Rigaku Innovative Technologies Inc. is a subsidiary of Rigaku Corp., a manufacturer of high-tech optical products. RIT manufactures optical products that are critical in global high-tech manufacturing. RIT plans to expand into new markets including the semiconductor industry and grow research and development, and production operations at its manufacturing facility in the city of Auburn Hills, investing $55.7 million and creating 27 jobs. As a result of the expansion, RIT has been awarded a $2 million Michigan Business Development Program performance-based grant. Auburn Hills was chosen over a site in California. The city of Auburn Hills is offering 12-year property tax abatements in support of the project valued at $241,146.

Van-Rob Inc., through its Michigan subsidiaries including Lenawee Stamping Corp., produces metal stamping and welded fabrications and assemblies for auto bodies and substructures. Van-Rob is considering adding several programs at its facility in the city of Tecumseh (subject to receiving all necessary approvals)and a new facility in Michigan. The company plans to invest $30.7 million and create 530 total jobs, resulting in a $5.3 million Michigan Business Development Program performance-based grant. The city of Tecumseh has offered seven-year property tax abatements valued at $1.3 million.

 

Whirlpool Corp., founded in Benton Harbor in 1911, is the world’s largest home appliance company. It plans to relocate refrigeration research and development operations from Evansville, Ind., to a former Whirlpool manufacturing facility in the city of Benton Harbor. Whirlpool plans to invest $18.9 million and create 180 jobs, resulting in a $2.4 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Iowa and Mexico. The city of Benton Harbor is offering 12-year tax abatements valued at $1.85 million.

Michigan Community Revitalization Program incentive

 

Whitney Partners LLC, a commercial real estate development company, has been awarded a $1 million Community Revitalization Program performance-based grant and a $7.5 million performance-based loan to renovate the historic 19-story David Whitney building property in the central business district of Detroit.The project will transform the building into 108 residential apartments, 135 hotel rooms and retail space on the first floor, and will restore access to the Detroit People Mover. The project is expected to create 75 permanent full-time jobs and capital investment of $82.5 million.

Michigan Economic Growth Authority (MEGA) amendments

 

Axle Alliance MEGA amendment – A subsidiary of Detroit Diesel Corp., Axle Alliance manufactures axles for commercial vehicles and provides consulting services to other axle plants. The addition of the Detroit DT12 automated manual transmission and DD15 proprietary asymmetric turbo to the full line of Detroit brand engines and axles at the Redford Township facilities represents a capital investment of more than $100 million and an additional 204 jobs. As a result of the expansion, the Michigan Strategic Fund approved an increase in the maximum allowance for qualified new jobs on the company’s MEGA tax credit from 215 to 419.

Perrigo Company MEGA amendment – Perrigo is a leading global supplier, developer and manufacturer of over-the-counter and generic prescription medications, infant formulas, nutritional products and dietary supplements. The company is planning to add infrastructure and equipment to its site in the City of Alleganand a new facility and new equipment in Holland Charter Township, investing an additional $242 million and creating 650 jobs to support a tablet expansion for its over-the-counter business. As a result of the expansion, the Michigan Strategic Fund approved an increase in the maximum allowance for qualified new jobs on the company’s MEGA tax credit from 400 to 1,050.  Holland Charter Township and the city of Allegan have offered property tax abatements in support of this project.

“These investments reach all parts of our state, from Alpena in the north, Benton Harbor in the south, Holland to Detroit, and promise new job creation in automotive manufacturing, robotics, home appliances, pharmaceuticals and high-tech optical products,” said MEDC President and CEO Michael A. Finney. “In the last two years we have greatly improved Michigan’s business climate and infrastructure, making it easier for our businesses to find new paths to prosperity, and the changes are paying off.”

The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.

The MSF will consider a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.

The Michigan Community Revitalization Program provides grants, loans, or other economic assistance of up to $10 million to projects that will revitalize regional urban areas, act as a catalyst for additional investment in a community, reuse vacant or historic buildings and promote mixed use and sustainable development.

Time To Invest In Michigan 2013

Friday, February 15th, 2013

Ford Motor Co. is preparing for its next wave of products with investments in southeast Michigan that will total $773 million in 2013.

The Dearborn automaker will modernize its Dearborn Stamping Plant with four new press lines for its next-generation F-Series trucks, due in 2014. It will retool its capacity-constrained Michigan Assembly Plant to increase the output of small cars.

In addition, Ford is making significant investments at the Van Dyke Transmission Plant, Livonia Transmission Plant and Sterling Axle Plant.

The investments are part of a nationwide $6.2 billion investment promise — which includes the addition of 12,000 new hourly jobs — Ford made to the United Auto Workers in 2011 when the last contract was signed. In all, Ford’s 2013 investments will add 2,350 jobs in southeast Michigan.

“We’re absolutely on track with all of the commitments,” said Jim Tetreault, Ford’s vice president of North American manufacturing, in an interview.

Ford will revamp facilities to increase flexibility at a time when plant space is at a premium. The automaker’s North American plants are running at 114 percent capacity; General Motors Co. and Chrysler Group LLC are also running above 100 percent capacity.

Ford’s $335 million investment in the Dearborn Stamping Plant will be critical for the automaker’s next-generation F-Series trucks, specifically the best-selling F-150, which will need to shed weight to eventually meet federal fuel economy standards.

Joe Langley, senior analyst of North American forecasts at Troy-based market intelligence firm LMC Automotive, said Ford’s retooling for the next-generation F-150 must be done strategically to avoid shortages.

“They can’t afford to turn it off for even a month and retool factories,” Langley said of Ford’s Dearborn Truck Plant, home to three shifts of F-150 production.

Ford is also making a substantial investment in another Wayne County plant. The automaker is pumping $161 million in upgrades at the Flat Rock Assembly Plant, which by mid-2013 will be the company’s most flexible plant, capable of building any type of car on any size platform.

The plant will initially handle spillover production of Ford’s Fusion midsize sedan, currently built in Hermosillo, Mexico, and is slated to eventually produce the Taurus and Lincoln MKS.

The upgrades will mean 1,200 new jobs at Flat Rock. Ford expects to begin hiring for those positions during the second quarter of 2013; nearly all will be new to the company.

Ford’s Michigan Assembly Plant in Wayne, which currently produces five cars, will get about $60 million to expand its stamping plant and add two stamping lines, allowing the automaker to insource manufacturing and increase plant production capacity.

That plant is running above capacity, but can still achieve greater output through improved in-plant efficiencies.

Tetreault said Ford achieved a 3 percent production increase in plant production efficiencies this year through small, in-plant changes.

Ford in 2013 will finish investing approximately $85 million at its Sterling Axle Plant, $87 million at its Van Dyke Transmission Plant and $74 million at its Livonia Transmission Plant.

From The Detroit News: http://www.detroitnews.com/article/20121227/AUTO0102/212270328#ixzz2L0m7gUBH

Foreclosed Homes For-Sale

Thursday, February 14th, 2013

Buying property in the USA,

This is really a great investment opportunities very good rental returns & fantastic capital growth. Great locations around the North East of America also great lakes & great golfing holidays also being very close to the boarder of Canada.

Reasons why to Invest in this area of USA and earn between 10/12% these properties have been totally refurbished and already rented to tenants and with a secure management company in place. With these great returns you will also capitalise on the future growth of the rise of the economy to come, these properties where worth $120000 £77000 5years ago, Wayne County has had Billions invested into the area over the last few years, in this area they have the biggest car industry in the USA set up. also the areas we are investing in are very close to all the great lakes, great for camping golfing and if you like shopping theres is plenty to do.. You are only a few hours drive from Chicago & an hours flight from New York, also we are 20minutes drive from Canada by car.  You can get to any destination from Europe to internal as there is the national air centre or international airport

We believe strongly that this area will re-generate in the next 10 years, with global change it is time for Americans to change and realise that driving large vehicles and using big consumption of fuel it is a time of the past, it is just a matter of time they will start to follow Europe with low emission cars and stamp their footprint on pollution.

So as investors we believe there is no better time than now to invest. You can buy foreclosed properties at a fraction of their true price, the money you will invest will be returned within the 5 years of renting and then it is up to you if you wish to keep a steady income or rental or to sell and make a much larger profit than any where in the UK,, In the UK alone you would struggle to make a return of 6% and you would have to put more money in at a much higher risk of a double dip.

So we feel this could be a perfect time for you to buy in on a market that will only get stronger in the very near future, start earning money from day 1

We can also prove that the amount of property investors flying over to the USA to buy these once in a life time foreclosed properties. It is staggering do not be left out in the cold and miss this great investment opportunity. Why risk all your eggs in one basket here in the UK or hold your money in the bank that makes a poor 2/3% per year, we strongly believe that you can build your portfolio with the help of our knowledge and make far superior profits with less stress. Also when you come to sell in the years to come you can potentially make 3 times your money back on the sale plus you would have made your money back from renting.  This really is a win win situation

Building Your Dream Home Bournemouth

Tuesday, February 12th, 2013

Building A Dream Home

Why go through all the stress of moving when you are “settled at home” “you could already be in your dream house” this may not seem to be the feeling when looking at your tired property,  with our experience & knowledge we can help design & remodel your home to give it the quality your desire, we have designed & worked on many of our customers properties.

Once you envision your dream home, this is where we can come in and take roll of helping create the correct  style for you.  While your vision of your luxury dream home may include a contemporary state-of-the-art kitchen with lots of cupboard space, your partner may have a different ideas & thoughts..he would more than likely like a state-of-the-art entertainment system and extra garage space for a multi gym or a gentleman’s rooms where he can entertain his friends or maybe even a motorbike & car collection.

The most important thing you’ll have to do is make sure you have the design correct before you start,  so you know what your dream home should be. How big should it be? How many bedrooms and bathrooms should be installed, making sure all your electrical and lighting system has been designed as lighting is a very important part of any design and with the correct input can change the design of any luxury stylish home.  Is your style contemporary or traditional? Once you decide on the basics, you can start designing your dream house with Four Corners Properties LTD design team

Four Corners On Facebook & Twitter

Wednesday, February 6th, 2013

We have got our facebook & twitter page now up & running feel free to follow us with all our up to date goings on.

With all the networking in the world of today now is the time to expand your chances for all customers to see what we are about

Hit the like or follow bottom on our pages to helps us maintain our performance in the coming years of building works

https://twitter.com/KARLLUKER

https://www.facebook.com/FourCornersPropertiesLtd

Bournemouth Builders

Wednesday, February 6th, 2013

Builder in Bournemouth try Four Corners Properties for all your up & coming building work.

We are here to help, we have a great team of professionals that will help your build your dream

Great price on offer through Feb 2013

Loft Conversion Bournemouth

Wednesday, February 6th, 2013

Four corners are well underway with another loft conversion, well we have actually done around 6 in the last year & many extensions, but we have been to busy to update our blog, we will now try to keep up to date to infill you with a lot of current projects with all the information.

If you are thinking of moving you should maybe think twice & check out your old cobwebbed roof to see the space you have within.  You can save a lot of money by transforming your loft area into a livable space. Loft conversions & extensions are the best way of increasing your own living quarters & improving on your investment, 9/10 you will profit & increase the value of your property. its a win win situation.

Were here to help so why not try our skilled team of advisers to see how we can help you profit from your own property