Production Tool Supply Co., the Warren-based supplier and distributor of industrial tools, is establishing a new $70-million headquarters and fulfillment center in Novi that is expected to create 85 jobs.
“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,” says Jeff Mason, CEO of the Michigan Economic Development Corp., the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the Michigan Strategic Fund, which provided a $1 million grant to the project. “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.”
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. Michigan was chosen over a competing site in Kentucky.
Production Tool Supply was founded in Warren in 1951 by D. Dan Kahn to provide a more efficient way to deliver industrial products to the local market. More recently, a new wholesale division was added called Berkshire eSupply, which aims to help empower independent distributors with various ready-made tools connecting all aspects of the supply chain delivering the perfect blend of technology, talent, data, and products.
Today, the two divisions together have one of the largest inventories of American-made and global industrial supplies in North America. From an initial inventory of cutting tools and abrasives, the company has added more than 1 million high-quality industrial products to its portfolio.