Michigan Strategic Fund Approves Business Expansion Grants in Byron Center and Village Of Sparta
These investments in our state will strengthen our communities and fuel new opportunities for our talented workforce,” said Michigan Economic Development Corporation President/CEO Michael A. Finney. “Today’s projects demonstrate that Michigan’s highly competitive business climate and tremendous workforce capabilities mean real opportunities for leading edge companies.”
In the Village of Sparta, Celia Corporation, doing business as General Formulations, manufactures plastic film for the printing industry and screen printing for advertising materials. The company plans to invest approximately $4.2 million and creating 50 jobs in the Village of Sparta.
As a result, the project has been awarded a $233,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Georgia and California. In addition, the Village of Sparta plans to support the project in the form of property tax abatement.
At Byron Center, Flow-Rite Controls, Ltd. designs, manufactures and markets fluid control devices for batteries, recreational fishing boats, laboratories, and medical devices. The company plans to expand its existing operations center, investing approximately $6.1 million and creating 64 jobs.
As a result, the company has been awarded a $224,000 Michigan Business Development Program performance-based grant. In addition, Byron Township has offered support to the project in the form of property tax abatement.
“Flow-Rite is the definition of what advanced manufacturing looks like today in West Michigan,” said Birgit Klohs, President/CEO, The Right Place, Inc. “It is imperative that we retain and expand growing companies like Flow-Rite in our region; companies that take pride in the ‘Made in the USA’ labels on their products.”
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.
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018
A Changing Food Manufacturing Industry
2017 Food Processing
Opportunity Zones Can Uplift Communities and Investors Alike