Tuesday, August 25, 1998
MEGA Company Opens Doors in New Marshall FacilityGovernor John Engler was in Marshall today to help Autocam officials celebrate the opening of their newest facility. The company, which received a MEGA tax-credit from the state last year worth an estimated $8.8 million over 20 years, plans to hire 200 employees by the year 2000. "Today's ribbon cutting is not only cause for the company to celebrate but for all of us who were involved in making sure this project -- and these jobs -- stayed in Michigan," said Governor Engler. "Two-hundred new jobs and a $24 million investment is not a project that went to Michigan -- not South Carolina -- so I am pleased to be here today to celebrate the ribbon cutting with Autocam. Projects like this are why Michigan will continue to keep number one status in 1998 as the state with the most new projects and expansions." Autocam, which engineers and manufactures precision-machined components for the computer electronics, medical, and automotive markets, has nearly 300 employees in Michigan with other facilities in Grand Rapids and Kentwood. The new plant in Marshall will produce precision machined components for the automotive industry in a 56,000-square foot building. "We are excited about expanding in Marshall," said John C. Kennedy, president of Autocam. "The efforts of the City of Marshall and State of Michigan officials have played an integral role in our decision to expand in Michigan. The skilled labor base available in the south central part of the state will undoubtedly make this plant successful." Also joining Governor Engler were Congressman Nick Smith and several other state and local officials. The Michigan Economic Growth Authority was created in April 1995 and was created to promote high quality economic growth and job creation in Michigan that otherwise would not occur without this program. MEGA companies receive a tax credit against the Single Business Tax (SBT) and/or the amount of personal income attributable to new jobs being created by the project. An in-state business that is expanding must create at least 75 new full-time jobs at the projects facility; an out-of-state business locating in Michigan must create at least 150 new full-time jobs at the projects facility.