Caraco Pharmaceutical Laboratories are expanding in Wixom with a 137,000 sq foot building, located in the Oak Creek Corporate Center. This facility will serve as their R&D, packaging and eventually manufacturing of their generic drugs. “We decided on the Wixom location based on its close proximity to our packaging facility as well as its convenient location to the local highways,” said Daniel H. Movens, Caraco’s Chief Executive Officer. “Oakland County and the City of Wixom have been very receptive to our needs and we look forward to on-going collaborative relationship.” Caraco will be hiring approximately 60 new employees for their Wixom facility.
The list of 50 companies to watch in Michigan has been announced by the Edward Lowe Foundation, and 17 businesses located Oakland County are featured. "Michigan 50 Companies to Watch" is a unique awards program designed to shine the spotlight on second-stage companies,” says Mark Lange, executive director of the Edward Lowe Foundation, a not-for-profit operating foundation based in Michigan. The foundation’s mission is to “champion the entrepreneurial spirit” by encouraging entrepreneurial cultures in communities throughout the country and helping second-stage companies learn from each other. The companies will be honored at an awards ceremony during the third annual Michigan Celebrates Small Business event, April 24 in Lansing
Michigan Economic Development Corporation (MEDC) announced on January 22 approval of a state tax credit and other incentives to encourage Canada-based NxtGen Emission Controls Inc. to grow in Michigan. The company is considering an investment of $1.2 million to locate a new administration and manufacturing operation in a leased facility in Wixom. The project, pending company approval, is expected to create 106 new jobs, including 47 directly by the company. An economic analysis conducted by the MEDC estimates that increased economic activity created by the expansion will generate more than $45 million in personal income for Michigan workers over the life of the tax credit. "Oakland County's highly educated and skilled work force makes it attractive to companies who are considering a business expansion," Deputy Oakland County Executive Dennis R. Toffolo said. "NxtGen brings the kind of advanced technology to Wixom that helps ensures Michigan's future growth and stability."
