Amphibious Car Brings 500 Jobs To Michigan
By Tim Somers on Jul 18, 2008 in Featured, General
Michigan may have lost a Volkswagen plant to Tennessee this week, but Gibbs
Technologies a leader in high-speed amphibious vehicles will open a new North American plant and headquarters right here in Michigan.
The new home for Gibbs Technologies will be in Auburn Hills Michigan in a 37,500 square foot two-acre facility that will cost approximately $13 million dollars. Creating some 250 jobs and nearly 270 jobs at various suppliers and other local businesses the Amphibious Car manufacture claims over 500 jobs will be created.
A 10-year, $5.9-million tax credit approved this week by the Michigan Economic Development Corporation and an eight-year, $15,150 tax abatement from the City of Auburn Hills paved the way for the Gibbs move. The company had considered other sites in the Great Lakes region, as well as in the southeastern United States.
The company’s president plans to introduce a sporty three-passenger, high-speed amphibious car and an all-terrain high-speed amphibian within the next 18 months. The company is looking at sites in Alabama, Georgia, Michigan and Texas for its manufacturing operations.
The Gibbs Aquada is a three-passenger high-speed amphibian that combines the handling of a sports car with ability to travel up to 40 mph or more on water and 110 mph on land. The company’s all-terrain vehicle achieves speeds of up to 40 mph on both land and water.
More at www.gibbstech.com
Tim Somers
MichiganBusinessHub.com
