Governor Jennifer M. Granholm today announced that Unified Brands Inc. plans to relocate its Arizona operations to its Weidman (Broomfield Twp.) facility. The expansion will generate $6.7 million in investment by Unified Brands and create 327 new Michigan jobs, including 158 directly by the company. Assistance offered through the Michigan Economic Development Corporation helped convince Unified Brands to expand in Michigan over a competing site in another state.
“Our economic plan is designed to ensure that Michigan is a great state for companies to locate in and grow,” Granholm said. “This move by Unified Brands will secure the company’s presence in Weidman and we celebrate their commitment to Michigan.”
Based on the MEDC’s recommendation, the Michigan Economic Growth Authority board today approved a state tax credit valued at more than $1.3 million over seven years to win the company’s investment. Broomfield Township has approved a 12-year abatement valued at approximately $6.7 million to support the project.
“An excellent workforce, strong business climate and great teamwork helped win this project,” MEDC President and CEO James C. Epolito said. “Today’s great news would not have been possible without the support of Broomfield Township and Middle Michigan Development Corporation who partnered with us to make a strong business case to win these new jobs.”
An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will generate up to 169 indirect Michigan jobs in addition to up to 158 created directly by the company. The project is expected to generate more than $92 million in personal income for Michigan workers over the life of the tax credit.
“We are pleased to be able to expand our manufacturing operations in Weidman. The tremendous skills and commitment of our current employees coupled with the pro business environment orchestrated by the MEDC has made this expansion possible,” Unified Brands President William Strenglissaid.
The Unified Brands project is one of 14 economic development projects the governor announced today. In all, they are expected to create a total of 2,851 Michigan jobs.
“We are extremely pleased that Unified Brands has chosen to expand their facility in Isabella County,” Middle Michigan Development Director of Business Development Kathy Methner said. “They have had a strong presence here for a lot of years and we are fortunate that the State, Broomfield Township, and the MEDC were willing to partner with us at Middle Michigan Development Corporation to help grow the company here in Michigan.”
Unified Brands and its Groen, Randell and Avtec product lines have leading industry positions in cooking equipment, cook-chill production systems, custom fabrication, food service refrigeration, ventilation and air handling systems. Unified Brands, operating within the Food Equipment segment, is one of 49 individual operating companies of Dover Corporation. Unified Brands is headquartered in Jackson, Miss. and operates two manufacturing facilities in Weidman and Jackson. For more information on Unified Brands and its products, visit www.unifiedbrands.net.
In her 2007 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. Since January 2005, the governor and the MEDC have announced the creation or retention of more than 211,000 jobs as a result of targeted assistance provided by the MEDC.
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. For more information on the Michigan Economic Development Corporation’s initiatives and programs, visit the Web site at www.MichiganBusiness.org.
Unified Brands Inc.
(All estimates in 2007 dollars)
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