On August 19, 2008, Terumo Cardiovascular Systems announced plan to expand its Ann Arbor facility with $3.57 million and will relocate R&D and manufacturing from California by creating 65 jobs. Michigan Economic Development Corp. has approved a state employment tax credit valued at $0.85 million over seven years. In addition, the Township of Scio anticipates approving eight-year industrial property tax abatement within the next 60 days.
