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eMacomb - Economic Development in Action, Fall 2014
New Business Investment in Michigan from China
Senior Economic Development Specialist Camille Silda is in China with Governor Rick Snyder on a seven-day investment mission this week.
The team will promote tourism to Michigan as well as build upon recent successes in attracting new job-creation business investments during meetings with government officials, business leaders and news media in that country.
“New business investment in Michigan from China has surged since we reopened relations there in 2011,” said Snyder. “China makes a great opportunity for Pure Michigan tourism with its growing middle class in a population four times larger than ours in the U.S. We see broad export opportunities for Michigan in China and will be working to expand on our recent successes in this realm as well.”
Camille was instrumental in helping Yanfeng USA open a plant in Harrison Township. Yanfeng is an automotive supplier specializing in interior components. Major customers include Fiat, Chrysler and General Motors. The new facility involves an investment of more than $56.2 million and is expected to create 519 new jobs. Yanfeng also has a plant in Warren.
Planned stops include media events in Beijing, Shanghai and Guangzhou in addition to numerous company visits and meetings with government officials. The group will also meet with auto industry leaders at the Guangzhou International Auto Show.
The mission, coordinated by the Michigan Economic Development Corporation, includes staffers from the MEDC as well as Detroit Regional Chamber, The Right Place (Grand