Two Ann Arbor Companies Receive MEGA Tax Credits
NanoBio Corporation and Grand River Inc. received high-tech, five year MEGA tax credits on June 15th. Both companies were approved by the Michigan Economic Development Corporation and the State of Michigan. NanoBio is a privately-held biopharmaceutical company focused on developing and commercializing products for the prevention and treatment of infectious diseases. They are committing to investing more than $1.4 million to expand its current facility and projects the creation of 32 jobs. Grand River Inc. is an e-commerce technology company that is focused on development of open source e-commerce solutions for mid-market retailers. It designed, developed and maintains such sites including Gander Mountain, HoMedics and LaJolla Group. They are committing to investing over $1.1 million in capital and project the creation of 48 jobs.