Regions Midwest | Detroit
July 25, 2008
The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters. The company will settle into a 37,500-square-foot building on a two-acre site at 2046 Brown Road, about 35 miles from Detroit. From the city, county and state levels, officials campaigned heavily to bring Gibbs to Auburn, competing against other sites in the Great Lakes region, as well as in the southeast. The incentive package for the company included a 10-year $5.9 million tax credit that was just approved by the Michigan Economic Development Corporation. Gibbs plans to shell out over $13 million for equipment and infrastructure improvements at the site.
The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters. The company will settle into a 37,500-square-foot building on a two-acre site at 2046 Brown Road, about 35 miles from Detroit. From the city, county and state levels, officials campaigned heavily to bring Gibbs to Auburn, competing against other sites in the Great Lakes region, as well as in the southeast. The incentive package for the company included a 10-year $5.9 million tax credit that was just approved by the Michigan Economic Development Corporation. Gibbs plans to shell out over $13 million for equipment and infrastructure improvements at the site.
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