Oakland County's economy is more than diverse these days, especially after Molina Healthcare announced a multi-million-dollar investment in Troy.
The healthcare services company plans to invest $20.3 million over the next few years to expand its operations in Troy and Detroit, creating an expected 462 new jobs in the process. The Troy facility will receive $16 million of that investment, which is projected to create 337 jobs.
"It's a great win," says Irene Spanos, director of economic development & community affairs for Oakland County. "We have been very successful in getting small- and medium-sized life sciences companies to move to Oakland County. To get a big company like Molina Healthcare
to create hundreds of jobs here is a big win."
Spanos adds that Oakland County’s Medical Main Street program
, which markets Oakland County to healthcare, life science research and medical device manufacturing companies, has helped create 5,400 jobs in the last four years. More than 100,000 people are employed by firms that fit under the Medical Main Street umbrella.
Molina Healthcare, which is based in California, provides health services to individuals and families who receive their health care through Medicaid, Medicare and other government funded programs. The firm set up a subsidiary in Michigan, Molina Healthcare of Michigan, in Troy in 2000. For information on openings at Molina Healthcare, click here
Source: Irene Spanos, director of economic development & community affairs for Oakland County
Writer: Jon Zemke