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.”
Most Read
-
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019
-
A Heightened Focus on Reshoring
Q3 2020
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
COVID-19 and Site Selection in the Near and Long Term
Q2 2020
-
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
Q3 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020