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August 29, 2008
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Companies Investing $658 Million in Michigan Expansions
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Job Investment is Great for Local Communities.
Creation and retention of 9,495 new jobs and the generation of more than $658 million new investment in Michigan was announced recently by Gov. Jennifer Granholm.
These investments are great news for communities and job-seekers throughout our state. Our strong business climate and outstanding workforce are attracting the kinds of companies that are helping to grow and diversify our economy," said the governor.
The 20 projects are:
Kelly Services Inc. The second largest staffing company in the U.S. and fourth largest in the world plans to invest $7.8 million to consolidate several business units into a central location in Troy. The projects are expected to create 572 new jobs at the company in seven years.
Testek Inc. The designer and builder of custom and production test equipment for the aerospace, automotive, and industrial markets is planning to invest $5.2 million to relocate from Livonia to a larger facility in Lyon Township. The project is expected to create 160 new jobs, including 27 at the company.
Genzink Steel Supply and Welding Company. The full-service provider of products and services serving local, national, and international customers in industries such as mining, alternative energy, gas/oil exploration, rail maintenance, defense, and specialty machine building plans to invest $7.9 million in a two-phase expansion at its operations in Holland. The project is expected to create 193 new jobs, including 104 directly and an additional 89 indirect jobs.
Request Foods Inc. The co-packer of custom entrees, side dishes, and specialty items plans to invest $26.1 million to expand its facility in Holland Township. The project is expected to create 437 new jobs, including up to 202 jobs directly and an additional 235 indirect jobs.
LeanLogistics Inc. The leading provider of Web-native Transportation Management Systems and Services was purchased by Australian-based Brambles in March 2008 and operates as a division of Orlando-based CHEP USA. With nearly $14 million in capital investments, LeanLogistics will move its operations from Holland to Zeeland and expects to create 1,141 new Michigan Jobs, including 581 directly and an additional 560 indirect jobs.
Ricardo Inc. The eco-innovation technology company and a leading independent provider of technology, product innovation, engineering solutions, and strategic consulting to the world's automotive, transport, and new energy industries with a skill base representing the state-of-the-art in low emissions and fuel-efficient powertrain technology, is planning to invest $12.3 million to establish a rolling chassis dynamometer facility at its site in Van Buren Township. The project is expected to create 106 new jobs, including 45 directly and an additional 61 indirect jobs.
Danotek Motion Technologies LLC The technology developer and manufacturer of permanent magnet generators, power control electronics, and brushless motors for power generation industries and advance automotive applications plans to expand its operation and relocate to Plymouth Township. The new expanded facility would accommodate the manufacture of up to 3 Mega Watt variable speed PM generators for use with wind turbines. The project is expected to create 353 new jobs, including 141 directly by the company. An economic analysis conducted by the MEDC estimates the project will generate an additional 212 indirect jobs.
Aisin Technical Center of America, Inc. (ATC-A) The Aisin Group, the sixth largest automotive supplier in the world, is considering expanding its Plymouth Township technical center. Pending company approval, the proposed $8.6-million project could create up to 301 new jobs, including 82 at the company. An economic analysis conducted by the MEDC estimates the project has the potential to generate an additional 219 indirect jobs.
Business Intelligence Associates Inc. The New-York-based company that helps organizations manage the collection, transfer, and preservation of digital evidence and data, plans to launch new operations in Kalamazoo. The company plans to invest approximately $8 million in the project that is expected to create up to 599 Michigan jobs, including 251 directly by the company, specifically including the hiring of attorneys and paralegals. An economic analysis conducted by the MEDC estimates the project has the potential to generate an additional 348 indirect jobs.
Precision Aerospace Corp. The Grand Rapids-based aerospace and defense manufacturer is launching a $10.1-million expansion project at its operations in Grand Rapids and Wyoming. The project is expected to create 190 new jobs at the company and an additional 159 spin-off jobs over the next 10 years.
Terumo Cardiovascular Systems The subsidiary of Tokyo-based Terumo Corporation manufactures and markets products for cardiac and vascular surgery to hospitals worldwide. Terumo CVS will invest $3.57 million in relocation and expansion of its research and development and manufacturing operations from Tustin, California to Ann Arbor (Scio Township). The project's addition of 14,000 square feet and a new chemistry lab is expected to create 157 new jobs, including 65 directly by the company. An economic analysis conducted by the MEDC estimates that the project will generate an additional 92 indirect jobs.
GDI Infotech Inc. The Ann Arbor-based Information Integration services and solutions firm has launched a new solutions division. This division is offering new solutions and products for breaking down information silos, building Solid Data Foundation, and providing Business Intelligence reports. The project is expected to create 233 new jobs, including 121 directly by GDI. An economic analysis conducted by the MEDC estimates the project will create 112 indirect jobs.
Ameriwood Industries The ready-to-assemble (RTA) furniture manufacturer plans to increase operations at its plant in Dowagiac that were suspended in July 2007. With assistance offered through the MEDC, the company plans to invest approximately $3.45 million in the project, which is expected to create up to 182 Michigan jobs, including 100 directly by the company. An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will create 82 indirect Michigan jobs in addition to the 100 created directly by the company.
Wolverine World Wide Inc. The footwear manufacturer will produce boots for the U.S. Air Force at its facility in Big Rapids. Assistance provided by the MEDC helped the company win the military contract in competition with companies in Georgia, Illinois, North Carolina, Ohio, and Oregon. Wolverine plans to invest $5.5 million in the expansion, which is expected to create 212 Michigan jobs, including 115 directly by the company. An economic analysis conducted by the MEDC estimates that increased economic activity created by the new expansion will create 97 indirect Michigan jobs, in addition to the 115 created directly by the company.
Eberspaecher North America A state brownfield tax credit valued at $7.4 million will support the expansion of the company's manufacturing facility in Brighton. The $59.8 million project will create 105 new jobs and retain 171 jobs at the company.
The Orchard Park in Wyoming (Kent County) anchored by a Cabela's outdoor outfitters store will be supported by $39.2 million in local and school tax capture approved for developer Walker Orchard Land Partners LLC. Upon completion, the $400-million, two-phase project, starting with construction of a 125,000-square feet Cabela's store, will comprise 1.4 million square feet of retail and 77,600 square feet of restaurant space, 135,000 square of office space, 325 apartments, 114 town homes and condos, a 150-room hotel, and a water park/resort hotel with 160 rooms. Creation of 3,668 jobs is anticipated.
REDICO Holdings LLC will use a state brownfield tax credit valued at $9.6 million and state and local tax capture totaling $14.2 million for redevelopment of the Montgomery Ward Store in East Dearborn. The three-story former department store, vacant since 2001, will be demolished and replaced by a mixed-use development including three new structures totaling 275,000 square feet with a medical office building, a retail/office building, 96 senior apartments, and a six-level parking deck. The $68 million project is expected to create 206 new jobs.
State tax capture valued at $185,264 combined with a local OPRA (Obsolete Properties Rehabilitation Act) tax abatement will assist with the historic Thompson Block redevelopment in Ypsilanti. The $4 million renovation of a three-story building will consist of a mix of commercial and retail space and 16 residential lofts, and is expected to support creation of 100 new jobs. Maintenance of the historic architecture and design of the 34,000-square-foot structure, vacant for more than 20 years, is another step forward in the revival of the historic depot town area of the city.
The Lansing Brownfield Redevelopment Authority will use $392,922 in state and local tax capture to demolish and redevelop the former Regent Inn hotel on South Pennsylvania Avenue in Lansing. Demolition of existing structure consisting of 35,000 square feet will make way for construction of a 5,000-square-foot office building, which will be used to relocate the nearby NuUnion Credit Union branch office. The $3.4 million project will create five new jobs.
State and local tax capture valued at $255,750 will be used by developer Chemical Bank to support demolition of a vacant structure in downtown Cadillac (Wexford County) and construction of a new 5,000-square-foot building for retail and commercial banking operations, a $1.2 million project.###
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