LANSING, Mich. – PlaneWave
Instruments, a manufacturer of small- to medium-sized
telescopes, will establish its headquarters in the city of Adrian, the Michigan
Economic Development Corporation announced today.
The project is expected to generate
a total capital investment of more than $9.4 million and create 54 high-tech
jobs, resulting in a $400,000 Michigan Business Development Program
performance-based grant from the Michigan Strategic Fund. Michigan was chosen
over a competing site in California.
expansion here rather than in another state means good jobs for Michigan
residents and underscores the strength of our business environment and talented
workforce,” said Jeff Mason, CEO of MEDC, the state’s chief marketing and
business attraction arm that administers programs and performs due diligence on
behalf of the MSF.
“We’re pleased to work
with our local partners and support this investment, which will not only mean more
jobs for Michigan residents but will also serve to promote science and the arts
in the community,” Mason said.
in 2006 in California, PlaneWave is the world leader in small- to medium-sized
telescopes and mounts. The company’s telescopes are sold to private
individuals, colleges, universities, aerospace industries and the military.
Approximately 60 percent of the products that are produced by PlaneWave are
PlaneWave is experiencing
exponential growth and needs to consolidate into one location to manage
business growth and expand into new markets. The company plans to purchase and
re-use the former Adrian Training School in the city of Adrian to house
its operations and serve as its headquarters, investing $9.4 million and
creating 54 new jobs over a three-year period.
PlaneWave plans to allow
the Adrian Center for the Arts and the Sam Beauford Woodworking Institute to
remain on the campus while also offering public outreach and activities to
promote science, technology, astronomy and the arts. The city of Adrian has
offered support to the project in the form of a 12-year tax abatement valued at
“We were thrilled to be a part of the
collaborative effort to incentivize the purchase and enable PlaneWave to expand
their operations, relocate their headquarters and create as many as 50
high-tech jobs in Adrian,” said Lenawee Now Executive Director Jim Van Doren.
“Lenawee Now wishes PlaneWave Instruments a prosperous future and we are
certain they will find that Lenawee County is ideal for business and quality of
About Michigan Economic
Development Corporation (MEDC)
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,
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