CAS-MI Labs receives state tax credit for Innovation Center.The Michigan Economic Development Corp. (MEDC MEDC Michigan Economic Development Corporation MEDC More Economically Developed Country MEDC Maharashtra Economic Development Council (India) MEDC Mobile & Embedded Developers Conference (Microsoft) ) is supporting CAS-MI Laboratories' new Innovation Center, which will help entrepreneurs and established companies create new specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. products from concept to commercialization. Based on the MEDC's recommendation, the Michigan Economic Growth Authority approved a state tax credit for CAS-MI valued at $1.2 million over 10 years. CAS-MI Laboratories is an independent testing laboratory specializing in paints and coatings, plastics and polymers, and adhesives and sealants. This tax credit will help fund the expansion of CAS-MI's new Innovation Center. As the first order of business, CAS-MI and the Innovation Center will be moving from two facilities, one at Eastern Michigan University Eastern Michigan University, mainly at Ypsilanti, Mich.; coeducational; founded 1849 as a normal school, became Eastern Michigan College in 1956, gained university status in 1959. and another property near the campus, to a newly purchased 11,000 square foot facility in Ypsilanti Township township: see town. . |
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