MI: Business Expansions Combine to $82M in Investments, 506 New Jobs
27 Feb, 2015
The Michigan Economic Development Corporation announced Michigan Strategic Fund approval of six business expansions and one community revitalization project in Michigan that are expected to generate more than $82 million in investments and create 506 new jobs.
“From manufacturing to IT to food production, these seven projects will further revitalize our communities and bring new jobs to our residents,” said MEDC Chief Executive Officer Steve Arwood. “The commitment of these companies to grow and create jobs here demonstrates the significance of our greatly improved business climate and infrastructure.”
The Michigan Strategic Fund approved Michigan Business Development Program incentives for the following projects:
Cargill Kitchen Solutions, Inc., formerly Sunny Fresh Foods, is a leading marketer of high value, further-processed egg products with several facilities in the U.S. and Ontario. The company has the opportunity to take on a new account and bring those operations to Lake Odessa Township, which will be expanded to accommodate the additional production. The project will generate a total capital investment of $27 million and create 35 jobs, resulting in a $262,500 Michigan Business Development Program performance-based grant. Lake Odessa Township has offered support to the project in the form of a 12-year property tax abatement valued at $284,000.
Gentherm Incorporated is a global developer of innovative thermal management technologies for a broad range of temperature control applications. Its automotive products include heated and cooled seat systems, cup holders, thermal storage bins and steering wheels. The company plans to bring its engineering and testing operations to Michigan. In order to accommodate this growth, Gentherm will renovate its headquarters facility in the City of Farmington Hills and acquire a second building. The project will generate more than $8.4 million and create 150 jobs, resulting in a $750,000 Michigan Business Development Program performance-based grant. The City of Farmington Hills is providing support by waiving permit fees related to the project. For information on careers with Gentherm Incorporated, visit www.gentherm.com.
MIG Molding, LLC is a roll form co-extrusion tooling and production injection molding company that was recently formed to support its sister company, Vintech Industries. The company plans to lease a recently purchased building from Vintech located in the Village of Almont (Lapeer County) for a new manufacturing facility, investing more than $1.2 million and creating 32 jobs. As a result, the company has received a $105,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Indiana. Almont Township has approved an Industrial Facilities Tax Exemption transfer to the project. Individuals interested in employment opportunities with MIG Molding should call 810.724.7400, ext. 22.
OMT-Veyhl USA Corporation, based in Holland Charter Township, designs, develops and markets high quality ergonomic office furniture. The company plans to construct an addition at its current facility to expand its manufacturing capacity. The project will generate a total capital investment of $8.8 million and create 206 jobs, resulting in a $750,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Idaho and California. Holland Charter Township has offered support to the project in the form of property tax abatement. For employment opportunities with OMT-Veyhl USA, visit http://www.omt-veyhl.com.
Orbbec 3D Technology International, Inc. (www.orbbec3d.com) is a newly established North American entity. Its parent, based in Shenzhen, China, has developed 3D solution including 3D sensor, artificial intelligent RGB-D cognition platform and gesture driven Natural User Interface. The products serve a growing number of markets including smart TVs, gaming consoles, and tablets as well as the automotive and smart phone industries. The company plans to establish a headquarters and technical center in the City of Troy, investing more than $3.2 million and creating 40 jobs related to R&D and engineering of 3D sensor applications. As a result, the company has been awarded a $300,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in California. The City of Troy has offered support to the project in the form of marketing and promotional assistance and complimentary community center passes for employees. For employment/partnership opportunities with Orbbec 3D, visit https://www.linkedin.com/company/orbbec-3d-technology-international-inc-.
Sensient Flavors, LLC is a subsidiary of Sensient Technologies, a global manufacturer and marketer of food grade colors, flavors and fragrances. The company plans to expand its facility in the City of Harbor Beach (Huron County), making a significant multi-million dollar investment and creating 28 jobs. As a result, the company has been awarded a $150,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Wisconsin. The City of Harbor Beach is offering support to the project in the form of property tax abatement. For information on careers with Sensient Flavors, visit http://sensient.com/careers/jobs.
MSF also approved one Michigan Community Revitalization Program project:
Cedar Springs Brewing Company, LLC and 95 North Main, LLC plan to demolish an existing blighted building in downtown Cedar Springs (Kent County) and replace it with a new brewery and restaurant. The project is expected to generate a total capital investment of more than $1.5 million and create 15 full-time equivalent jobs, resulting in a Michigan Community Revitalization Program performance-based grant of $285,614. In addition, the City of Cedar Springs Brownfield Redevelopment Authority received approval for local and school tax capture in the amount of $56,800 to alleviate brownfield conditions at the site. The City of Cedar Springs is supporting the project with a PA 198 Industrial Facilities Tax Exemption valued at $130,000 and contributing $31,178 in local funds toward the brownfield redevelopment plan.
Pure Michigan is a brand representing business, talent and tourism initiatives across Michigan. These efforts are driven by the Michigan Economic Development Corporation, which serves as the state’s marketing arm and lead advocate for business growth, jobs and opportunity with a focus on helping grow Michigan’s economy.
For more on the MEDC and its initiatives, visit michiganbusiness.org. For Michigan travel news, updates and information, visit michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check mitalent.org, where more than 91,000 jobs are currently available in a variety of industries.