46 New Jobs for Michigan Workers
Integrity Design, Inc. has selected St. Joseph, over other midwestern states, to start-up operations thanks to assistance from the Michigan Economic Development Corporation (MEDC).
Integrity Design chose Michigan for its new mechanical engineering and design firm.It is estimated that this start-up will create 46 new jobs, 28 directly by the company, for Michigan workers.
“This is great news for Michigan.We welcome and encourage small start-up companies to make Michigan their home,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“Michigan has the resources, programs and manpower available to assist these fledgling companies with new operations.”
The company plans to lease a 5,000 square foot facility in St. Joseph.The space will be in a build-to-suit building in the St. Joseph Renaissance Zone.Integrity Design is investing $575,400 in the project, including capitalized lease costs, new machinery, equipment and computers.Integrity Design plans to begin operations later this year.
“Existing companies growing, new businesses with the confidence to invest in our area, both coming on the same day shows we are doing something right,” Dick Bartz, chairman of the Berrien County Commission said.“The partnership between the county, the local government, Cornerstone Alliance, and our strong friends in Michigan Economic Development Corporation means we are able to help companies relocate jobs here and entrepreneurs plant their businesses in Michigan’s Great Southwest.”
, according to an economic analysis, completed through software provided by Regional Economic Models, Inc. (REMI).
A component of the assistance provided by the MEDC included an incentive package with a high-tech Single Business Tax credit worth an estimated $160,000 over the next five years.The incentive package also includes an Economic Development Job Training grant of up to $19,600 to train new employees and an abatement of the six-mill State Education Tax valued at$3,970.
The site is located in a Renaissance Zone, which is worth $30,750 in local property tax savings.Integrity Design has worked with and received assistance from Cornerstone Alliance including rent subsidy, training and assistance with start-up costs at an estimated value of $20,000 over a three-year period.
This project will provide more than $737,000 in revenue to the state over the life of the agreement, resulting in a net positive gain for the state of more than $577,000, after the tax credit.The project is expected to generate more than $9.2 million in personal income during that time.
“We are excited to be part of the economic growth in the St. Joseph Renaissance Zone,” said Matthew Bechtel, president of Integrity Design, Inc.”It was the assistance of the Michigan Economic Development Corporation and Cornerstone Alliance paired with local incentives and Renaissance Zone benefits that made the decision to locate here even more attractive.We are looking forward to being part of a growing community.”
Integrity Design, Inc. is a new mechanical engineering and design firm specializing in automated assembly machine design, product design and development, resistance and mig welding design and engineering for tooling fixtures and gauges for advanced manufacturing companies.Integrity Design, Inc. utilizes state-of-the-art 3D solid modeling software to reduce design costs and eliminate costly machining and assembly rework that is currently common in model prototyping and advanced manufacturing of special machines.
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.
Integrity Design, Inc.
(All estimates in 2001 dollars)
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Personal Income Generated Over Life of the Tax Credit Agreement