LANSING – The Michigan Economic Development Corporation (MEDC) announced Michigan Strategic Fund approval of Michigan Business Development and Community Revitalization program incentives to six companies planning expansions in the state. The projects are expected to generate up to $110 million in investments and add 616 new jobs in Michigan.
“From leading-edge technology to the renovation of a historic theater, these projects will further our aims to revitalize our state and bring new jobs to our communities,” said MEDC president and CEO Michael A. Finney. “We are leveraging Michigan’s highly competitive business climate and tremendous workforce capabilities into real opportunities for growing companies.”
The projects approved:
- The Armored Group, headquartered in Dearborn, supplies SUV ballistic vehicles, SWAT vehicles and Cash in Transit vehicles, to government agencies around the world. The company plans to expand its existing operation in Dearborn to increase vehicle production capabilities, investing $1.5 million, creating 240 new jobs, and is awarded a $1 million grant.
- A $38,000 grant has been awarded to Detroit Mutt for a historical renovation project in Detroit’s Corktown District. The rehabilitation will include a new façade and interior restoration of the building while maintaining its historical character. The finished project will include retail/commercial space along with residential units. The project is expected to generate a total capital investment of up to $486,414 and create two full-time jobs.
- Henrob Corporation, headquartered in Livonia, manufactures self-piercing rivets for the automotive industry. Henrob plans to expand and relocate its operations to Lyon Township, investing $68.5 million and adding 152 new jobs. As a result of the expansion, Henrob has been awarded a $300,000 grant.
- Shiawassee Center, an entity formed by the nonprofit group Owosso Community Players, plans to fully renovate the Joseph H. Lebowsky Theatre in downtown Owosso into a completely rehabilitated 550-seat theatre. The project is expected to generate an overall investment of $6.74 million and create two new jobs. Shiawassee Center was awarded a grant of $446,000.
- Summit Polymers supplies interior kinetic and decorative components and systems to the automotive industry. Summit plans to expand existing operations in Portage, Sturgis and Vicksburg, investing a total of $9.3 million and creating a total of 70 new jobs. As a result of the expansions, the company has been awarded a $370,000 grant.
- Undercar Products Group, a leading automotive systems and components manufacturer, is considering expanding its existing facility in the Wyoming for new work related to the manufacture of HVAC, interior seat and windshield washer systems for the automotive industry. The company plans to invest up to $26 million and create up to 150 new jobs, resulting in a $475,000 incentive.
MEDC focuses on business, talent, jobs and helping to grow the economy. For more on MEDC and its initiatives, visit: MichiganAdvantage.org.