Tuesday, May 15, 2007
Michael Shore, MEDC
Machine Parts Manufacturer to Invest $7.1 Million
Governor Jennifer M. Granholm today announced Dowding Machining LLC, a new venture of Dowding Industries Inc, will invest $7.1 million to build a new manufacturing facility adjacent to the Dowding Industries operations in Eaton Rapids. The project will create 358 new Michigan jobs, including 200 directly by the company. Assistance offered through the Michigan Economic Development Corporation helped convince the company to choose Michigan instead of a competing site in Iowa.
An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will generate an additional 158 indirect Michigan jobs, in addition to the 200 created directly by the company. The project is expected to generate more than $107 million in personal income for Michigan workers over the life of the tax credit.
The Dowding Machining facility is one of six economic development projects the governor announced today. In all, they are expected to create and retain a total of 5,420 Michigan jobs.
Eaton Rapids-basedDowding Industriesis a precision short to medium run manufacturer of progressive die stampings, metal fabrications, and welded assemblies. Dowding also specializes in the custom laser cutting, prototyping, machining, and component part double disk grinding processes. The company employs approximately 220 at its facility in Eaton Rapids and approximately 20 at its facility in Hiawatha, Iowa. Its newest venture, Dowding Machining, will focus on machining transmission housings, components and platforms used in the assembly of wind turbines.
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