Middleville Tool & Die Co. is expanding in Yankee Springs Township with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation reported. The expansion is expected to generate nearly $6.3 million in new private investment and add up to 35 new jobs.
Middleville Tool & Die Co. is a family-owned business established in 1966 that manufactures stamped assemblies and stamped tubular products for the appliance, office furniture and automotive industries. The company plans to expand its current manufacturing facility in Yankee Springs Township, investing up to $6.3 million and creating 35 jobs.
“Middleville is a long-standing employer in Barry County, and its commitment means more good jobs for Michigan residents for years to come, said MEDC President/CEO Michael A. Finney. “Middleville’s decision to expand in Michigan demonstrates our state’s strong advantages as a great place to do business.”
The company has been awarded a $350,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Tennessee. In addition, Yankee Springs Township has offered support to the project in the form of property tax abatement.
In July Middleville and its real estate and building holding company Middleton Enterprises, LLC received MSF approval of a Bond Authorizing Resolution for private activity bond financing in the amount of $6.3 million for the expansion and related investments.
“Thanks to the innovative spirit and hard work of everyone that supports our business we are experiencing exceptional growth. In the past, Michigan lost far too many businesses, and jobs, to states that offered attractive incentives to those willing to relocate. As we are approach our 50th anniversary of doing business in Michigan we are thrilled that our state is committed to keeping Michigan businesses like ours at home,” said Middleville CEO Gary Middleton. “Michigan’s comeback is alive and well thanks to an atmosphere that promotes better jobs, better training and job security to those who live and work here, together we all succeed.”