Tuesday, May 15, 2007
Michael Shore, MEDC
Electronics Manufacturer Investing $2.7 Million
Governor Jennifer M. Granholm today announced that Sparton Corporation plans to invest $2.7 million to expand its Blackman Township facility near Jackson to accommodate an expansion of its engineering and production capabilities for electronics assemblies for the aerospace industry and other applications. The project will create 100 new jobs at Sparton directly over the next four years and the Michigan Economic Development Corporation estimates approximately 88 additional new jobs for the community will be created as a result of this investment. Assistance offered through the MEDC helped convince the company to choose Michigan instead of a competing site in Florida.
MEDC President and CEO James C. Epolito said.
An economic analysis conducted by the MEDC estimates that increased economic activity created by the expansion will generate an additional 88 indirect Michigan jobs, in addition to the 100 created directly by the company. The project is expected to generate more than $93 million in personal income for Michigan workers over the life of the tax credit.
The Sparton Corporation expansion 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.
Sparton Corporation (NYSE:SPA) now in its 107th year, provides high mix, low to medium volume electronics design and manufacturing services utilizing seven manufacturing locations encompassing over 800,000 square feet. In addition to strong core surface mount technology (SMT) and plated through-hole (PTH), printed circuit board assembly (PCBA) and complete assembly manufacturing capabilities, Sparton offers a complete range of pre-manufacturing and post-manufacturing services. Pre-manufacturing services include product development, concurrent engineering, design for test (DFT), design for manufacturing (DFM), design for assembly (DFA), printed circuit board design and quick-turn prototyping. Post-manufacturing services range from repair depot, direct ship and distribution management to field support. Sparton employs more than 1,200 associates worldwide with 128 in Michigan.
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