The expansion is expected to generate $800,000 in privateinvestment."This is one of the first projects to benefit from a newlaw that helps the state create high-paying jobs in ruralcommunities," says Gov. Jennifer Granholm. "EAB's decision to stayand grow in Michigan is a testament to the fact our state cancompete and win in the global marketplace."

The governor recently signed a law designed to attract andretain high-paying jobs in rural areas. The law allows the MichiganEconomic Growth Authority to grant SBT credits to companies willingto expand or locate in counties with a population of less than75,000. Among the main requirements is that the company create upto 25 jobs within the first five years of the project. "This newlaw will allow EAB Fabrication to develop a higher skilled laborforce in the community," says EAB president Ed Bowerman.

The Village of Quincy is expected to support the expansion witha property tax abatement worth an estimated $100,900 over 12 years.In addition, the village will sell five acres of land within alocal industrial park at a reduced rate and extend water, sewer andelectrical utilities to the site. The value to the company of theland sale and utility extension is an estimated $40,000.