Magneti Marelli Expands Auburn Hills, Michigan, Hub
01/23/2019
The project is expected to generate private investment of more than $12.5 million and create 106 jobs, resulting in a $1.59 million Michigan Business Development Program performance-based grant, according to the Michigan Economic Development Corporation. In addition, the city of Auburn Hills has offered staff time in support of the project.
The company is looking to grow and invest in its North American headquarters to further strengthen its R&D, technology, and professional labor capabilities, officials explained. The company plans to expand at its facility, hire new employees, construct new labs and add machinery.
“We are honored that Magneti Marelli has chosen to continue its growth in Auburn Hills. This new investment will allow Magneti Marelli to continue developing technologies that will contribute to the advancement of mobility,” said Auburn Hills Mayor Kevin McDaniel. “We are excited about Magneti Marelli’s reinvestment and the additional jobs it will bring to Auburn Hills.”
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024