companies plan production and manufacturing plant expansion expected to generate up to $24 million in investments and adding 403 new jobs throughout the state.
“These expansions in our automotive and IT sectors highlight Michigan’s singular leadership in making things and making things work,” said MEDC President and CEO Michael A. Finney. “These projects all mean more jobs and greater economic opportunities for people across Michigan.”
The Michigan Economic Development Corporation said the state’s Strategic Fund approved Business Development Program incentives to firms in Comins Township, Ann Arbor, and Kentwood, Michigan. Firms awarded incentives are;
Cooper-Standard Automotive Inc. is a global automotive
supplier, offering solutions in body sealing, fuel, brakes, emissions, thermal management and anti-vibration systems. Cooper-Standard has recently been awarded replacement business for the Ford P415 assembly, requiring additional manufacturing space and related production equipment at its facility in Comins Township located in Oscoda County.
The company plans to invest up to $6.3 million and create 177 jobs. As a result, the company has been awarded a $1 million Michigan Business Development Program performance-based grant. In addition, Comins Township has offered support in the form of a 12-year property tax abatement valued at $397,000.
Pillar Technology Group is a software development and consulting company that creates digital software solutions. Pending local support, Pillar is planning to open a software studio and innovation center in Ann Arbor called “Forge” that will allow rapid development of software products and solutions.
The company will invest up to $1.43 million and create 45 jobs, resulting in a $350,000 Michigan Business Development Program performance-based grant. Ann Arbor SPARK
has and will continue to work with the company as it takes steps to establish and grow an office in the region.
Ventra Grand Rapids 5, an automotive component supplier, is purchasing a new building and additional assembly equipment in the City of Kentwood to expand its current lighting product line and acquire new work from large automotive companies in Michigan.
The company plans to invest up to $16.3 million and create 181 jobs, resulting in a $650,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in other states. In addition, the City of Kentwood is offering support to the project in the form property tax abatement.