©2016 Michigan Economic Development Corporation

MEDC Announces 3 New Tool & Die Recovery Zones

Tuesday, December 22, 2009

Bridget Beckman
(517) 335 4590beckmanb1@michigan.org

Total of 25 Companies to Benefit from Tax-Free Status

The Michigan Economic Development Corporation today announced that three tool and die coalitions have been approved for tax-free Tool and Die Recovery Zone status under the state’s Renaissance Zone program. The zones allow member companies to operate free of virtually all state and local taxes for up to 15 years.

The following applicants were approved today for Tool & Die Recovery Zone designation by the Michigan Strategic Fund (MSF) board: Michigan Adaptive Coalition, Strategic Tooling Solutions and Third Coast Tooling Alliance. (A complete list of the companies and their locations follows.)

“Tool and die shops and their employees are under intense challenge from overseas competition,” Greg Main, president and CEO of the MEDC and chair of the Michigan Strategic Fund board said. “Tax-free designation will lower their operating costs and help keep these skilled jobs in Michigan.”

To qualify, the property designated must be leased or owned by a qualified tool and die business and used primarily for tool and die operations. In addition, the business must enter into a qualified collaborative agreement which designates synergistic opportunities with other qualified tool and die shops, including collaborative marketing and the development of standardized processes and management methods. Member companies in the same collaborative can be located in a different part of the state.

Today’s is the 6th round of designations since 2005. Including today’s announcement, the state has a total of 28 Tool & Die Recovery Zones consisting of 272 locations in 35 counties. Another round will be scheduled in 2010. MSF may designate 35 recovery zones. 

Recovery Zone Name/Company Names

Location

City/Twp/Village

County

Third Coast Tooling Alliance 

Baker Machining & Mold Technologies

Macomb

Macomb Township

Macomb

Brown Jig Grinding Co.

Wixom

City of Wixom

Oakland

Carroll Tool and Die Co.

Macomb

Macomb Township

Macomb

Dynamic Plastics, Inc.

Chesterfield

Chesterfield Charter Twp

Macomb

Exacto Tool Co. LLC

Shelby Twp

Shelby Charter Twp.

Macomb

Ideal Technology Corporation

Shelby Twp

Shelby Charter Twp.

Macomb

Kraftwood Engineering Co.

Walled Lake

Commerce Charter Twp

Oakland

Majestic Industries, Inc.

Macomb

Macomb Township

Macomb

Mistequay Group, Ltd - 2 separate locations

Saginaw

City of Saginaw

Saginaw

Mistequay Group, Ltd - 2 separate locations

Standish

City of Standish

Arenac

Posa-Cut Corporation

Farmington Hills

City of Farmington Hills

Oakland

Precision Industries, Inc.

Flint

City of Flint

Genesee

PCD-Carbide Tool Co. dba Precorp, Inc.

Williamston

City of Williamston

Ingham

TransNav, Inc. 

New Baltimore

City of New Baltimore

Macomb

Universal/DeVlieg LLC

Saginaw

City of Saginaw

Saginaw

Strategic Tooling Solutions

A & O Mold and Engineering, Inc.

Vicksburg

Village of Vicksburg

Kalamazoo

CAMmand Machining, LLC

Romeo

Village of Romeo

Macomb

Commercial Tool and Die, Inc.

Comstock Park

Alpine Township

Kent

Concept Molds, Inc.

Schoolcraft

Schoolcraft Township

Kalamazoo

Delta Tooling Co., dba Delta Technologies

Auburn Hills

City of Auburn Hills

Oakland

M & M Polishing, Inc.

Coloma

City of Coloma

Berrien

Michigan Tool Works

Sturgis

City of Sturgis

St. Joseph

Pyper Tool and Engineering, Inc.

Grand Rapids

City of Walker

Kent

TK Mold and Engineering, Inc.

Romeo

Village of Romeo

Macomb

Walker Tool and Die, Inc.

Grand Rapids

City of Walker

Kent

Michigan Adaptive Coalition

Burton Industries, Inc.

Goodrich

Atlas Township

Genesee

 

The U.S. Bureau of Labor Statistics reports that Michigan had 1,694 tool and die shops in 2008 with 33,893 employees representing 18 percent of the jobs in the U.S. tool and die industry.  

The MEDC, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life. For more information on Tool and Die Recovery Zones, visit the MEDC Web site at www.MichiganBusiness.org.

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