LANSING, Mich. – Three business expansions that will generate
nearly $29.8 million in total investment and create 148 jobs in Michigan have
received Michigan Strategic Fund approval for support, the Michigan Economic
Development Corporation announced today.
“Today’s actions offer further evidence of
our commitment to help companies grow and generate new job opportunities for
Michigan residents,” said MEDC Chief Executive Officer Steve Arwood. “These
investments will all lead to greater economic opportunities for Michigan
residents, drive future business investment, and create more and better jobs.”
Precast, Inc. specializes in
structural and architectural precast for a variety of commercial, industrial
and residential building types, as well as all types of infrastructure. The
company has acquired a large customer and plans to expand its facility in the city of Trenton, investing more than $16.2
million and creating 50 jobs. As a result, the project has been awarded a
$300,000 Michigan Business Development Program performance-based grant.
Michigan was chosen over a competing site in Ohio. The city of Trenton is
offering support to the project in the form of a property tax freeze.
Individuals interested in careers with Kerkstra Precast should visit http://kerkstra.com/about/employment.
Products Group, Ltd., a leader
in the storage products industry for more than 55 years, is a single source
supplier of pallet racking and storage systems. The company needs to add to its
manufacturing capacity and plans by the purchase of a facility in the city of Litchfield (Hillsdale County),
investing more than $5 million and creating 38 jobs. As a result, the company
has been awarded a $228,000 Michigan Business Development Program
performance-based grant to assist with infrastructure upgrades and the purchase
of new equipment. Michigan was chosen over competing sites in Indiana and Ohio.
The City of Litchfield plans to offer property tax abatement in support of the
project. Individuals interested in careers with Speedrack should visit https://jobs.mitalent.org/job-search
and type in the Keyword “Speedrack” or email email@example.com to request an application.
Automotive Interiors is a large
supplier of instrument panels and cockpit systems, door panels, floor consoles,
overhead consoles, lighting and decorative trim. The company was formed in 2015
as a joint venture between Yanfeng Automotive Trim Systems Co., Ltd. and
Adient. Yanfeng Automotive Interiors plans to establish a state-of-the-art
southeast Michigan headquarters and technical center for instrument panel
engineering and testing in the city of Novi,
investing $8.45 million and creating 60 jobs. As a result, the company has been
awarded a $600,000 Michigan Business Development Program performance-based
grant. Michigan was chosen over a competing site in another location. The city
of Novi has offered support to the project in the form of property tax
abatement. Individuals interested in careers with the company should visit http://www.yfai.com/Pages/Job/JobSearchNew.aspx.
Pure Michigan is a brand representing
business, talent and tourism initiatives across Michigan. These efforts
are driven by the Michigan Economic Development Corporation, which serves as
the state’s marketing arm and lead advocate for business growth, jobs and
opportunity with a focus on helping grow Michigan’s economy.
For more on the MEDC and its initiatives,
visit MichiganBusiness.org. For Michigan travel news, updates and
information, visit michigan.org. Michigan residents interested in seeking employment
with any of Michigan’s growing companies should check mitalent.org,
where more than 89,000 jobs are currently available in a variety of industries.
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