291 New Jobs for Michigan Workers
Hi-Lex Controls, Inc. has decided to expand its operations in Hudson, instead of Ohio, thanks to the assistance from the Michigan Economic Development Corporation (MEDC).
Hi-Lex chose to build a new window regulator manufacturing facility in Hudson over a site in Liberty Center, Ohio.The company will invest about $9.9 million in the new facility including land, building, machinery and equipment costs.
“The fact that Hi-Lex chose Michigan over a site just miles away in Ohio speaks volumes about our state’s business friendly climate,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“These are quality jobs for Hudson area families, with a company that has a proven commitment to Michigan.”
It is estimated that the expansion will create 291 new jobs, 190 directly by the company, for Michigan workers., according to an economic analysis completed by the University of Michigan.
A key component of the assistance provided by the MEDC is an incentive package that includes a Single Business Tax credit, worth an estimated $947,000 over the next seven years. The package also includes an Economic Development Job Training grant of up to $190,000 to train new employees.The MEDC also offered an abatement of the six-mill State Education Tax valued at $284,506.
The City of Hudson will provide a 50 percent abatement of the company’s real and personal property taxes for 12 years valued at more than $1.1 million.
This project will provide more than $9.3 million in revenue to the state over the life of the agreement, resulting in a net positive gain for the state of more than $8.4 million, after the tax credit.The project is expected to generate more than $116 million in personal income during that time.
“Hi-Lex appreciates the support the Michigan Economic Development Corporation and the community of Hudson has offered to convince us to locate our new facility within Michigan,” said Thomas G. Welsh, vice president of Finance, Hi-Lex Controls. “We believe our business to be a partnership with our customers, suppliers, associates and government all working together for the benefit of all.”
Hi-Lex Controls was founded in 1989.The U.S. parent is TSK of America that is owned by Nippon Cable Systems, Inc. of Japan.The company manufactures window regulators.Hi-Lex and its related entities have a total of 947 Michigan employees.
The Michigan Economic Development Corporation, 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.
Hi-Lex Controls, Inc.
(All estimates in 2001 dollars)
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