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Thursday, September 23, 2021
Grand Rapids manufacturing professional Mike DaMore shares his “bottom line” advice for entrepreneurs looking to expand their businesses in Michigan and beyond.
When a Grand Rapids injection manufacturer was on the verge of shutting down and offshoring production in 2013, one of its employees, Stephen King, stepped in to buy the 146,000 square-foot building. Together, King and several of his co-workers joined forces with the Michigan Economic Development Corporation (MEDC) to purchase the company and retain employees.
Today, Belmont Engineered Plastics has grown its manufacturing capabilities exponentially, distributing more than 1,000 domestic and international shipments a month. The nearly 40-year-old building now houses 35 injection molding presses, 10 assembly lines and five customization areas.
In this edition of 3 Takeaways, Belmont Engineered Plastics Chief Financial Officer Mike DaMore shares his advice for entrepreneurs looking to grow their businesses.
To learn more about how MEDC can help businesses of all sizes expand and grow in Michigan, go to michiganbusiness.org/pure-partnership.
To contact a business development specialist, click here or call 1.888.522.0103.