©2016 Michigan Economic Development Corporation

The Tech Group Grand Rapids to Upgrade Walker Facility, Add 164 New Michigan Jobs

Tuesday, September 19, 2006

Michael Shore, MEDC
(517) 335-4590

Medical Device Manufacturer Chooses Michigan for $12.4 Million Investment

Governor Jennifer M. Granholm today announced The Tech Group Grand Rapids Inc. will invest $12.4 million to upgrade its custom injection molding facility in Walker to manufacture a new product line. The project will create 164 new jobs, including 105 directly by the company. Assistance offered by the Michigan Economic Development Corporation helped convince the company to choose Michigan instead of competing national and international sites.

The Tech Group Grand Rapids expansion is one of nine economic development projects the Governor announced today. In all, they are expected to create and retain a total of 1,009 Michigan jobs.

www.michigan.org.

The Tech Group Grand Rapids Inc.
Economic Analysis
Summary Estimates
(All estimates in 2006 dollars)

TOTAL JOBS CREATED

164

Direct

105

59

NET POSITIVE STATE REVENUE IMPACT

$ 2,964,000

Revenue Foregone

$ 1,827,000

Revenue Gain

$4,791,000

Average Weekly Wage

$550

Personal Income Generated Over Life of the Seven-Year Tax Credit Agreement

$62,221,000

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