Tata Consultancy Services, one of eight companies approved Tuesday for tax credits by the Economic Growth Authority, will create 1,250 new jobs in Midland.
The information technology services and consulting company plans to establish a Business Process Service Center, a $12.5 million investment, in Midland. Vision Mid Michigan reports this business center will provide core business services such as financial consulting, order processing, information technology and other services. The center is also applying for a property tax abatement from the city of Midland.
During its initial phase, the project is expected to create 500 jobs, and an additional 750 jobs are expected to be created in subsequent phases.
According to the Michigan Economic Development Corporation (MEDC), the increased economic activity created by this project will create 1,119 indirect jobs, for a total of 2,369 direct and indirect jobs created.
The state tax credit approved by the Michigan Economic Growth Authority is valued at $22.1 million over ten years, which officials hope will encourage the company headquartered in Mumbai, India, to expand operations in Mid-Michigan.