Snyder Makes Case for Investment in Michigan with Chinese Leaders
On Friday, Governor Rick Snyder met with business executives from the Chinese parent company of Menominee-based Enstrom Helicopters as well as government officials from Chongqing making the case that Michigan offers tremendous opportunities for Chinese companies looking to make foreign investments and expand globally.
Snyder said "with 70 percent of global automotive research and development happening here in Michigan, and our strong manufacturing base and business-friendly environment, there is no better place in North America for Chinese companies to expand than in Michigan. We are already seeing Chinese investment in Michigan, but this is just the beginning of what we have to offer the China market."
Chongqing Machinery and Electronics own Chongqing Helicopter Co., which purchased Enstrom Helicopter in Menominee earlier this year. The acquisition resulted in an $8 million investment in a building expansion and the creation of up to 171 additional jobs over the next three years.
In speaking with the company's executives, Snyder discussed the potential Michigan offers for additional business cooperation and investment opportunities. The governor highlighted Michigan's available talent, research and development assets, and manufacturing capabilities, as well as the state's strong interest in expanding ties with China.
Throughout the weekend Snyder will attend several private meetings with Chinese companies before traveling to Tokyo where he will participate in the 2013 Midwest U.S. - Japan Association Conference.
This is the governor's sixth trade mission since taking office. He previously traveled to Israel, Canada, Italy and Germany, and Japan, China and Korea.