MSF approves incentive for Inteva Products
Tuesday, August 23, 2016
Agreement creates up to 127 new jobs at Adrian facility; company to invest $23.3 million
Inteva Products, one of the top employers in Adrian and Lenawee County, will add up to a quarter more employees to its workforce and expand operations at its site in the southeast corner of Michigan.
The Michigan Strategic Fund board on Aug. 23 approved a $1.27-million economic-assistance incentive to induce the auto-supply maker to renovate its current facility and add up to 127 new jobs in Adrian. As part of the updates, Inteva will invest $23.3 million in new equipment and machinery at the plant.
"To compete in today's economy, we must build strategic partnerships like this one with Inteva,” said Adrian Mayor Jim Berryman. “This agreement between the Michigan Strategic Fund and Inteva preserves jobs in Adrian and Lenawee County, and sends a message that Michigan is serious about maintaining its reputation as a great place to do business."
Currently, Inteva employs 474 people at the Adrian site and 331 at its headquarters in Troy. The new jobs in Adrian may add approximately 27 percent more workers at the site with an initial 77 jobs created in the near future. As part of the agreement, the city of Adrian will host a job fair to attract prospective employees.
Inteva makes products for a range of customers, including top-tier automotive manufacturers. In addition to supplying the auto industry, the company provides highly engineered components and systems to the defense, consumer and other markets.
“Inteva is among those essential businesses in Michigan that provide excellent products and have grown along with the state’s manufacturing and automotive industries,” said Steve Arwood, CEO of Michigan Economic Development Corporation (MEDC).
On behalf of the MSF, the MEDC administers programs and performs due diligence on grants, loans, collateral agreements and approved funds. In addition, the MEDC is the state’s chief marketing agency engaged in business attraction and retention efforts.
“This project is a reflection of the high level of collaboration and teamwork with all our partners, including the City of Adrian, MEDC, Michigan Works! (SE), and Consumers Energy in winning this successful outcome for our community and our state,” said Lenawee Now Executive Director, Jim Van Doren.
“From the old Fisher Body plant to the Inteva plant today, Adrian automotive plants have contributed to our region, our state and our country’s success,” said Sen. Dale Zorn, who represents Michigan’s 17th Senate district, which includes Adrian.
“This incentive and the overall expansion project illustrate the investment people are making in Adrian, and I applaud the local leaders and Inteva officials for working together to make this project a reality,” he said.
“Consumers Energy worked to provide solutions to Inteva Products’ energy needs as it considered updating its building, and we are pleased by Inteva’s decision,” said Garrick Rochow, senior vice president for distribution and customer operations.
“We are committed to Michigan’s economic future and look forward to working with other employers that plan to locate or expand in our state,” said Rochow.
Inteva employs over 15,000 team members in 18 countries. Inteva World Headquarters is in Troy, Michigan.
For more on the MEDC and its initiatives, visit www.michiganbusiness.org. For Michigan travel news, updates and information, visit www.michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check www.mitalent.org, where more than 105,000 jobs are currently available in a variety of industries.
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