Company grows with Medical Main Street

 A FORTUNE 500 healthcare company is expanding under Oakland County’s Medical Main Street program. Molina Healthcare will invest $16,000,000 in Oakland County creating 337 jobs, County Executive L. Brooks Patterson announced this week. Molina Healthcare chose Oakland County over several competing states in part because of the county’s collaboration with the Michigan Economic Development Corporation and the City of Troy.

“Molina Healthcare of Michigan is excited to expand in Oakland County and continue our operation in the City of Troy,” said Stephen Harris, president of Molina Healthcare of Michigan. “We would like to thank Oakland County for providing information and guidance in regards to economic data and incentives, as this information assisted us in making our decision.”

Patterson thanked Molina for its confidence in Oakland County and Medical Main Street.  “Molina Healthcare’s expansion in Oakland County highlights that Medical Main Street remains our most robust Emerging Sector,” Patterson said. “I’d like to thank Molina Healthcare for its significant investment and the hundreds of jobs it will bring.”

Molina Healthcare is the 40th company to invest in Oakland County since Medical Main Street’s inception in 2008. Together, these companies have invested more than $924 million creating 5,405 jobs and retaining 1,656.

Medical Main Street markets Oakland County as a destination for world-class healthcare, life science research and medical device manufacturing. More than 100,000 individuals are employed under the Medical Main Street umbrella, or about 1 in 5.5 members of Oakland County’s workforce. For additional information about Medical Main Street, go to MedicalMainStreet.com.

Molina Healthcare, Inc. (NYSE: MOH) provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program. Molina Healthcare of  Michigan, a subsidiary of Molina Healthcare, is headquartered in the City of Troy and began operating in Michigan in 2000. Additional information about Molina Healthcare is available at molinahealthcare.com.

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