In the News

Terumo capitalizes on MEDC tax credits in Ann Arbor

Wednesday, March 17, 2010

Ann Arbor

Many Ann Arbor-based companies receive state tax breaks to create jobs, but few are taking advantage of them as effectively as the rapidly growing, Tree Town-based Terumo.

Excerpt:

To those searching for snippets of some of the good things going on out there, I offer up Terumo.

You may not have heard of Terumo, but lots of surgical patients have. Terumo products are used in cardiac and vascular surgeries in more than 1,000 cases a day worldwide.

Capitalizing on the growth in the medical device market, the Ann Arbor company, which includes Terumo Cardiovascular Systems and Terumo Heart, won a $1-million tax credit from the Michigan Economic Growth Authority almost two years ago to keep operations here and bring in more jobs -- which it has done. The two firms together employ 500 people in Ann Arbor and are the 24th-largest company in Washtenaw County.

Read the rest of the story here.

In the News

Terumo capitalizes on MEDC tax credits in Ann Arbor

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