Date: Tuesday June 21, 2011 09:52:22 am
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HP TO INVEST $4.8M IN PONTIAC , MICHIGAN
Computer and printer maker Hewlett-Packard Co.will invest $4.8 million to create 250 jobs in Pontiac, Mich.Michigan, which has been hard hit by the Great Recession, will welcome the new technology jobs. HP Enterprise Services already employs 1,976 people at its facility in Pontiac, in the Detroit area.
The Michigan Economic Growth Authority has approved some $3.5 million in state tax credits for Hewlett-Packard over the next seven years based on how many jobs it maintains in the area.Hewlett-Packard is based in Palo Alto. HP Enterprise Services is the former Electronic Data Systems business started in 1962 by Ross Perot. HP bought it in the summer of 2008 for $13.9 billion.
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