Pace Industries, a leading provider of die casting solutions, is relocating its headquarters to Novi, Michigan. The $1.9 million project is expected to initially create more than 60 new jobs.
Pace has leased office space that houses corporate executives, managerial, technical sales and clerical staff. The location in Novi is near a major travel hub and puts the company in proximity to the engineering talent as well as many of its automotive and non-automotive customers in the Midwest, officials said. The company has a current workforce of 360 employees in Detroit and Muskegon.
“Pace Industries recently moved its global headquarters to the Metro Detroit area for better access to our customer and supply bases, and the engaged, experienced talent that Michigan has to offer,” said Donald Hampton Jr., CEO of Pace Industries. “The MEDC, Detroit Regional Partnership, city and county all provided support with the initial move and continue to work as valued partners as we expand our team.”
According to the Michigan Economic Development Corporation, the project will be supported by a $250,000 Michigan Business Development Program performance-based grant approved by the Michigan Strategic Fund. In addition the city of Novi is offering to assist the project by providing videography, marketing assistance and recruitment support.
“We are pleased to welcome Pace Industries headquarters to Michigan as they create 64 new advanced manufacturing jobs and tap into a robust, highly skilled talent pool that stretches across all corners of the state,” said Josh Hundt, Chief Business Development Officer and Executive Vice President of the MEDC. “Today’s grand opening is yet another reminder that the ingenuity and innovation of our incredible business community here in Michigan remains unmatched. We appreciate the efforts of local partners in Novi to support this project and will work with Pace Industries as it continues to grow and add jobs for Michigan residents.”
Pace Industries, LLC provides die casting, manufacturing, and engineering solutions to global customers in the automotive, lighting, appliance and powersport industries.
“The Detroit Region is one of the best places in North America to locate a headquarters because we have one of the world’s most sophisticated supply chains and the highly skilled talent that manufacturers need to innovate and stay globally competitive,” said Maureen Donohue Krauss, president and CEO of the Detroit Regional Partnership. “The fact that our region has so many key decision-makers in automotive and mobility also gives us a major advantage.”