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ECONOMIC

DEVELOPMENT
& COMMUNITY
AFFAIRS
MAY 2018
IMPACT REPORT
INTERNAL ONLY
Emerging Sectors Only
Successes - Current Month - May 2018
MONTH COMPANY CITY SECTOR/PROJECT TYPE FOREIGN FIRM INVESTMENT NEW JOBS RETAINED JOBS
May TraceTronic Troy Communications & IT German $ 75,000 6 0
Open Dealer Exchange Farmington Hills Communications & IT $ 3,908,000 50 83
Bordrin Automotive Oak Park Alternative Energy & Power Generation $ 3,400,000 62 55
TOTAL $ 7,383,000 118 138

Successes - Year To Date (January through May 2018)


SECTOR YEAR TO DATE INVESTMENT NEW JOBS RETAINED
Advanced Electronics 5 $ 33,700,000 276 230
Advanced Materials, Chemicals & Nano 1 $ 10,300,000 50 82
Aerospace
Alternative Energy 2 $ 3,600,000 132 55
Communications & IT 3 $ 5,183,000 116 113
Defense/Homeland Security
Film & Digital Media
F.I.R.E. (Finance, Insurance, Real Estate)
Medical Main Street/Health Care 3 $ 591,600 22 12
Robotics 2 $ 16,200,000 109 162
TOTAL 16 $ 69,574,600 705 654

Successes - Inception (2004 through May 2018)


SECTOR INCEPTION INVESTMENT NEW JOBS RETAINED
Advanced Electronics 109 $ 857,111,824 8,625 7,871
Advanced Materials, Chemicals & Nano 54 $ 319,165,550 2,677 2,303
Aerospace 9 $ 408,217,586 682 1,215
Alternative Energy 35 $ 634,460,834 3,598 2,078
Communications & IT 153 $ 815,352,197 13,700 11,008
Defense/Homeland Sec. 13 $ 95,850,000 1,786 528
Film & Digital Media 6 $ 92,200,000 795 91
F.I.R.E. (Finance, Insurance, Real Estate) 22 $ 227,815,006 8,104 4,330
Medical Main Street/

Health Care 64 $1,212,315,410 8,546 5,050


Robotics 22 $ 83,649,624 966 1,681
TOTAL 487 $ 4,746,138,031 49,479 36,155
Traditional Only
Successes - Current Month - May 2018
MONTH COMPANY CITY SECTOR/PROJECT TYPE FOREIGN FIRM INVESTMENT NEW JOBS RETAINED JOBS
Hirtenberger Automotive
May Auburn Hills Traditional Austria $ 175,000 3 0
Safety Gmbh & Co KG
Fischer Automotive Group, Inc. Auburn Hills Traditional German $ 4,252,260 20 200
TOTAL $ 175,000 3 0

Successes - Year To Date (January through May 2018)


SECTOR/PROJECT TYPE YEAR TO DATE INVESTMENT NEW JOBS RETAINED JOBS
Traditional 9 $ 17,233,260 304 284
Real Estate 4 $ 29,500,000 90 16
TOTAL 13 $ 46,733,260 394 300

Successes - Inception (2004 through May 2018)


SECTOR/PROJECT TYPE YEAR TO DATE INVESTMENT NEW JOBS RETAINED JOBS
Traditional 292 $2,643,869,843 15,963 21,299
Real Estate 43 $ 576,172,040 2,211 51
TOTAL 335 $ 3,220,041,883 18,174 21,350
Financial Services
Loan Fundings - Current Month - May 2018
504 LOANS/
FUNDING DATE TOTAL PROJECT AMOUNT BANK LOANS EQUITY AMOUNTS NEW JOBS RETAINED JOBS
EDC BONDS
5/16/2018 $ 519,418 $ 207,000 $ 258,750 $ 53,668 2 7
5/16/2018 $ 5,500,000 $ 2,200,000 $ 2,750,000 $ 550,000 10 7
5/16/2018 $ 1,026,495 $ 409,000 $ 510,057 $ 107,437 6 14
TOTAL $ 7,045,913 $ 2,816,000 $ 3,518,807 $ 711,105 18 28

Loan Fundings - Year to Date (January through May 2018) PROJECTED JOBS
504 LOANS/
TOTAL PROJECT AMOUNT BANK LOANS EQUITY AMOUNTS NEW JOBS RETAINED JOBS
EDC BONDS
$ 17,994,165 $ 7,183,600 $ 8,999,794 $ 1,810,770 70 225

Loan Fundings - Fiscal Year to Date (October 2017 through September 2018) PROJECTED JOBS
504 LOANS/
TOTAL PROJECT AMOUNT BANK LOANS EQUITY AMOUNTS NEW JOBS RETAINED JOBS
EDC BONDS
$ 23,205,765 $ 9,268,240 $ 11,563,094 $ 2,374,430 119 519
One Stop Shop Business Center
Small Business Impact - Current Month - May 2018
CAPITAL AMOUNT SALES INCREASE AMT. NEW FULL TIME JOBS NEW PART TIME JOBS

$3,600,000 -- -- --
$129,274 -- --
$3,729,274 $0.00 0 0

Small Business Impact - Year to Date (January through May 2018)


CAPITAL AMOUNT SALES INCREASE AMT. NEW FULL TIME JOBS NEW PART TIME JOBS
$ 10,233,874 $ 1,100,000 22 6

Small Business Impact - Inception (January 2016 through May 2018)


CAPITAL AMOUNT SALES INCREASE AMT. NEW FULL TIME JOBS NEW PART TIME JOBS
$ 45,356,700 $ 44,755,226 589 68
Workforce Development
Jobs Filled With Michigan Works! Assistance
TOTAL 2017 YTD 2018 JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC
7,138 3,273 615 606 731 627 694

Number of Employers Served: Counted Once (doesn't reflect multiple visits)


TOTAL 2017 YTD 2018 JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC
4,856 1,457 282 291 297 310 277

Number of Individuals Served: Counted Once (doesn't reflect multiple visits)


TOTAL 2017 YTD 2018 JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC
46,733 18,674 5,137 3,318 3,536 3,428 3,255

Number of Office Visits: Onsite & Offsite


TOTAL 2017 YTD 2018 JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC
218,039 86,471 19,396 17,227 16,382 16,678 16,788

http://mywork.oakgov.com/sites/edca/EDCAMonthlyReports/SitePages/Home.aspx
Synopsis*
Emerging Sectors 2018
WHEN INVESTMENT NEW JOBS RETAINED JOBS
Current Month $ 7,383,000 118 138
Year to Date $ 69,574,600 705 654
Inception: 2004 $ 4,746,138,031 49,479 36,155

Traditional & Real Estate 2018


WHEN INVESTMENT NEW JOBS RETAINED JOBS
Current Month $ 175,000 3 0
Year to Date $ 46,733,260 394 300
Inception: 2004 $ 3,220,041,883 18,174 21,350

Financial Services 2018 PROJECTED


WHEN PROJECT AMOUNT 504 LOANS/EDC BONDS BANK LOANS EQUITY AMOUNT NEW JOBS RETAINED JOBS
Current Month $ 7,045,913 $ 2,816,000 $ 3,518,807 $ 711,105 18 28
Year to Date $ 17,994,165 $ 7,183,600 $ 8,999,794 $ 1,810,770 70 225
Fiscal Year $ 23,205,765 $ 9,268,240 $ 11,563,094 $ 2,374,430 119 519

One Stop Shop Business Center 2018


WHEN CAPITAL AMOUNT SALES INCREASE AMOUNT NEW FULL TIME
JOBS NEW PART TIME JOBS
Current Month $ 3,600,000 -- -- --
Year to Date $ 10,233,874 $ 1,100,000 22 6
Inception: 2016 $ 45,356,700 $ 44,755,226 589 68

*Due to project overlap, all figures cannot be added together across divisions

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