Production Tool Supply Company Expands Headquarters & Operations in Novi, Michigan
09/06/2019
To keep pace with current and future growth, the company plans to build a North American headquarters and fulfillment center in the city of Novi, according to Michigan Economic Development Corporation.
The company will utilize the space as corporate offices, training-teaching-collaborative work areas and a state-of-the-art, highly automated fulfillment center providing inventory management and logistics for thousands of manufacturers and distributors in the industrial sector.
The expansion will involve the creation of 85 new jobs and a total capital investment of nearly $70 million in the city of Novi, resulting in a $1 million Michigan Business Development Program performance-based grant from the Michigan Strategic Fund.
In addition to MSF support, the city of Novi approved a 50-percent property tax abatement in support of the project. MSF also authorized a State Education Tax abatement to be used in conjunction with the locally approved abatement.
“Production Tool Supply’s decision to expand in Novi means good jobs for Michigan residents and underscores the strength of our business environment and talented workforce,” said Jeff Mason, CEO of MEDC, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the Michigan Strategic Fund.
“We’re pleased to work with our local partners and support this investment, and we look forward to working with the company as it continues to grow and add jobs in Michigan.”
Project Announcements
Finland-Based ADMARES Plans Waycross, Georgia, U.S. Manufacturing Plant
06/01/2023
Toyota Plans Georgetown, Kentucky, Electric Vehicle Operations
06/01/2023
Ranger Design Establishes North Charleston, South Carolina, Operations
05/31/2023
Austrian-Based Kronospan Expands Oxford, Alabama, Operations
05/30/2023
TiiCKER Expands Grand Rapids, Michigan, Operations
05/30/2023
Hanon Systems Establishes Bulloch County, Georgia, Operations
05/26/2023
Most Read
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023