LANSING – The Michigan Economic Development Corporation announced Michigan Strategic Fund approval of Michigan Business Development and Community Revitalization program incentives to five companies planning expansions in the state. The projects are expected to generate up to $39 million in investments and add 355 new jobs in Michigan.
“These projects demonstrate that we are at the top of the list for companies looking to grow their operations and create jobs,” said Michael A. Finney, MEDC president and CEO. “This new investment in our state will strengthen our communities and fuel new opportunities for our talented workforce.”
The projects approved today:
313 East Grand River, LLC will renovate the historic Thelma Joyce Osteen Comfort Station in Lansing. The building will be brought up to current building code standards and be fully barrier-free accessible. Michigan Historic Preservation Network will use the majority of the building for its new headquarters and the first story will include a small commercial space. The project is expected to generate a total capital investment of up to $682,284.
mophie LLC, based in Paw-Paw, designs, manufactures and markets accessories for Apple Inc. devices. The company plans to expand in Kalamazoo to house its finance, quality control, purchasing, technical service, customer support and inside sales functions, investing $4 million and creating 50 new jobs.
P&F Systems is a wholly-owned division of the Cosma group of Magna International Inc., a global automotive supplier. P& F Systems has a new contract with a major automotive manufacturer and plans to invest up to $28.9 million to open a new operation in Auburn Hills. The company will create approximately 230 new jobs by the end of 2015.
Sherbrooke Land Company plans to renovate the historic Sherbrooke Manor, a vacant apartment building near Wayne State University in Detroit. The building will become a 14-unit, market rate apartment building with an overall investment of $2.4 million.
Uptown RDA, a subsidiary of Uptown Developments based in Flint, plans to construct a new facility in downtown Flint to house the new Genesys Downtown Flint Medical Facility. The existing three-story building is a vacant structure that will require interior demolition and a newly constructed addition for an overall investment of $3.3 million. The project is expected to bring 75 jobs to the downtown area.
