American Broach Investing $25M in Ypsilanti, Michigan, But Seeks Incentives
"We lead the world in gearing systems," Nemec said. "It would be better to do it all in one facility.The demand is tremendous and growing."
Nemec asked the Michigan Economic Growth Authority this morning for a state tax credit of more than $572,780 towards the expansion. The Ypsilanti City Council will additionally consider real and personal property tax abatements at a meeting tonight.
American Broach makes cutting machines to produce gears, the majority of which are destined for the auto industry. It also supplies the defense and agricultural sectors.
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