MEDC Announces 3 New Tool & Die Recovery Zones

Total of 25 Companies to Benefit from Tax-Free Status

The Michigan Economic Development Corporation today announced that three tool and die coalitions have been approved for tax-free Tool and Die Recovery Zone status under the state’s Renaissance Zone program. The zones allow member companies to operate free of virtually all state and local taxes for up to 15 years.

The following applicants were approved today for Tool & Die Recovery Zone designation by the Michigan Strategic Fund (MSF) board: Michigan Adaptive Coalition, Strategic Tooling Solutions and Third Coast Tooling Alliance. (A complete list of the companies and their locations follows.)

“Tool and die shops and their employees are under intense challenge from overseas competition,” Greg Main, president and CEO of the MEDC and chair of the Michigan Strategic Fund board said. “Tax-free designation will lower their operating costs and help keep these skilled jobs in Michigan.”

To qualify, the property designated must be leased or owned by a qualified tool and die business and used primarily for tool and die operations. In addition, the business must enter into a qualified collaborative agreement which designates synergistic opportunities with other qualified tool and die shops, including collaborative marketing and the development of standardized processes and management methods. Member companies in the same collaborative can be located in a different part of the state.

Today’s is the 6th round of designations since 2005. Including today’s announcement, the state has a total of 28 Tool & Die Recovery Zones consisting of 272 locations in 35 counties. Another round will be scheduled in 2010. MSF may designate 35 recovery zones. 

Recovery Zone Name/Company Names	Location	City/Twp/Village	County
Third Coast Tooling Alliance
Baker Machining & Mold Technologies	Macomb	Macomb Township	Macomb
Brown Jig Grinding Co.	Wixom	City of Wixom	Oakland
Carroll Tool and Die Co.	Macomb	Macomb Township	Macomb
Dynamic Plastics, Inc.	Chesterfield	Chesterfield Charter Twp	Macomb
Exacto Tool Co. LLC	Shelby Twp	Shelby Charter Twp.	Macomb
Ideal Technology Corporation	Shelby Twp	Shelby Charter Twp.	Macomb
Kraftwood Engineering Co.	Walled Lake	Commerce Charter Twp	Oakland
Majestic Industries, Inc.	Macomb	Macomb Township	Macomb
Mistequay Group, Ltd - 2 separate locations	Saginaw	City of Saginaw	Saginaw
Mistequay Group, Ltd - 2 separate locations	Standish	City of Standish	Arenac
Posa-Cut Corporation	Farmington Hills	City of Farmington Hills	Oakland
Precision Industries, Inc.	Flint	City of Flint	Genesee
PCD-Carbide Tool Co. dba Precorp, Inc.	Williamston	City of Williamston	Ingham
TransNav, Inc.	New Baltimore	City of New Baltimore	Macomb
Universal/DeVlieg LLC	Saginaw	City of Saginaw	Saginaw
Strategic Tooling Solutions
A & O Mold and Engineering, Inc.	Vicksburg	Village of Vicksburg	Kalamazoo
CAMmand Machining, LLC	Romeo	Village of Romeo	Macomb
Commercial Tool and Die, Inc.	Comstock Park	Alpine Township	Kent
Concept Molds, Inc.	Schoolcraft	Schoolcraft Township	Kalamazoo
Delta Tooling Co., dba Delta Technologies	Auburn Hills	City of Auburn Hills	Oakland
M & M Polishing, Inc.	Coloma	City of Coloma	Berrien
Michigan Tool Works	Sturgis	City of Sturgis	St. Joseph
Pyper Tool and Engineering, Inc.	Grand Rapids	City of Walker	Kent
TK Mold and Engineering, Inc.	Romeo	Village of Romeo	Macomb
Walker Tool and Die, Inc.	Grand Rapids	City of Walker	Kent
Michigan Adaptive Coalition
Burton Industries, Inc.	Goodrich	Atlas Township	Genesee

About Michigan Economic Development Corporation (MEDC)

The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.