The company will bring a new product line to support the electric vehicle market as well as other applications. The facility will be the first manufacturing operation to be located in the Southwest Michigan Advanced Research and Technology (SMART) Park.
“Hydro is pleased to bring its innovative recycling technology to Cassopolis and looks forward to providing new long-term career opportunities for area residents” stated Trond Gjellesvik, President of Hydro Aluminum Metals USA.? “We appreciate the warm welcome we have received from the Village of Cassopolis along with our partners at Midwest Energy & Communications, and we thank the Village and the State of Michigan for their support for our new facility.”?
The project is being supported by $1.5 million in Community Development Block Grant funds. Per federal requirement, at least 51 percent of the jobs must be held by low-or moderate-income individuals. The Michigan Strategic Fund also approved a 15-year State Essential Services Assessment exemption valued at $1.7 million in support of the project.
“Today’s investment will help us continue growing Michigan’s economy by creating good-paying jobs for Michiganders, building on our leadership in the mobility space, expanding our inventory of development-ready facilities, and supporting vibrant communities,” added Governor Gretchen Whitmer.
The Village of Cassopolis also approved a property tax abatement in support of the project.