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April Investment Report
April Investment Report
DEVELOPMENT
& COMMUNITY
AFFAIRS
APRIL 2018
IMPACT REPORT
INTERNAL ONLY
Emerging Sectors Only
Successes - Current Month - April 2018
MONTH COMPANY CITY SECTOR/PROJECT TYPE FOREIGN FIRM INVESTMENT NEW JOBS RETAINED JOBS
April Battery Solutions/Brivar Construction Milford Advanced Electronics & Control Systems $ 8,000,000 100 0
Nine Short Months Southfield Medical Main Street $ 91,600 2 4
Esys Automation Auburn Hills Robotics & Automation $ 15,800,000 104 162
TOTAL $ 23,891,600 206 166
Loan Fundings - Year to Date (January through April 2018) PROJECTED JOBS
504 LOANS/
TOTAL PROJECT AMOUNT BANK LOANS EQUITY AMOUNTS NEW JOBS RETAINED JOBS
EDC BONDS
$ 10,948,252 $ 4,367,600 $ 5,480,987 $ 1,099,665 52 197
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
$ 16,159,852 $ 6,452,240 $ 8,044,287 $ 1,663,325 101 491
One Stop Shop Business Center
Small Business Impact - Current Month - April 2018
CAPITAL AMOUNT SALES INCREASE AMT. NEW FULL TIME JOBS NEW PART TIME JOBS
$300,000 $1,100,000.00 13 4
$4,000 --- --- ---
$91,600 --- 2 ---
$267,000 --- --- ---
$1,408,000 --- 6 ---
$2,070,600 $1,100,000.00 21 4
WHEN PROJECT AMOUNT 504 LOANS/EDC BONDS BANK LOANS EQUITY AMOUNT NEW JOBS RETAINED JOBS
Current Month $ 6,275,477 $ 2,508,040 $ 3,135,050 $ 632,387 13 49
Year to Date $ 10,948,252 $ 4,367,600 $ 5,480,987 $ 1,099,665 52 197
Fiscal Year $ 16,159,852 $ 6,452,240 $ 8,044,287 $ 1,663,325 101 491
*Due to project overlap, all figures cannot be added together across divisions