Huntington Foam Invests $2.56 Million To Expand Operation In Michigan
05/24/2012
"Huntington Foam is an important employer in the City of Greenville and its decision to expand there is a huge win for the city and its residents," said Michael A. Finney, Michigan Economic Development Corporation President and Chief Executive Officer. "This new investment shows Michigan's highly competitive business climate and tremendous workforce capabilities mean real opportunities for growing companies."
As an incentive to facilitate expansion, The Michigan Economic Development Corporation said the firm was approved for a Michigan Strategic Fund grant of $340,000 as part of its Business Development Program. In addition, the City of Greenville provided a 12-year property tax abatement to the project.
"I have never seen state and local government work so diligently and quickly to make decisions and offer timely proposals than I did with the state of Michigan and City of Greenville," Huntington Foam President Gary McLaughlin said. "We always wanted to stay in Greenville from the beginning, as our employees are the best in the industry, and if we had moved, we would have lost some of those valuable assets."
"We are excited to work with Huntington Foam and help them expand in Greenville," said Greenville City Manager George Bosanic. "We believe this expansion will provide a great opportunity for the company to continue to grow here and contribute to employment growth in our community."
"This project is another great example of why regional collaboration is so vital to our economic future," said Birgit Klohs, President and CEO, The Right Place, Inc, a western Michigan Economic Development organization. "Several area organizations came together to achieve a single goal ensuring that Huntington Foam and its employees remain in West Michigan."
Signed into law by Governor Rick Snyder, the Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024