State Tax Credits Lure New Venture To Bay City 10-27-2010 - WNEM TV 5

State Tax Credits Lure New Venture To Bay City 10-27-2010

New jobs are headed to Bay City.
A company called Eovations LLC plans to invest $16 million to establish a production center in the city.
The project is expected to create up to 64 new jobs within the next five years.
The new venture will commercialize a new, next-generation composite building material called EoTek.
The company received $1.3 million in state tax credits over seven years, in exchange for choosing Michigan over a site in Ohio.
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