State-approved tax credits will help an Auburn Hills manufacturer expand and a vacant building in Detroit be renovated under deals announced Tuesday by Gov. Jennifer Granholm's office.

Marisa Industries Inc. will use a Single Business Tax credit valued at more than $2.2 million over nine years to invest $14.4 million to expand its Auburn Hills operations instead of doing the work in a competing site in Kentucky. The work is expected to create more than 200 jobs. The City of Auburn Hills proposed a 6-year tax abatement valued at $36,000 for the first year to support the project.

Marisa and its subsidiary, BAE Industries Inc., supply and design metal stampings and mechanisms including seat, door and trunk latches for the auto industry.

In the other project, the City of Detroit will use state and local tax benefits valued at $352,846 to help a private development entity, PPM Acquisitions LLC, redevelop a long-vacant former print shop next to the Bonstelle Theatre on the campus of Wayne State University. The developer will invest approximately $2.4 million to turn the site into a 32,000-square-foot retail complex. The project is expected to create 23 jobs.

The expansion and redevelopment are a result of assistance provided by the Michigan Economic Development Corp.

"The success of our cities is an important indicator of the economic health of the entire state," MEDC President and CEO James Epolito said. "Many of these properties would have sat underutilized for years without the assistance of brownfield redevelopment incentives."

Read the original story at the Detroit Free Press website.