LANSING — STEC USA, a subsidiary of Chinese automaker Shanghai Automotive Industry Corp., is establishing a new facility in Madison Heights with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced today. The expansion is expected to generate $15 million in new private investment and add 176 new jobs.
“STEC USA’s decision to establish its North American headquarters in Michigan tells global companies that Michigan holds great opportunities for growing their business,” said MEDC President and CEO Michael A. Finney. “Michigan leads the country in new manufacturing jobs creation, and the new jobs resulting from this investment will keep us moving in the right direction.”
STEC USA Inc. plans to establish a new headquarters and manufacturing operations in an existing facility in Madison Heights and operations will include research and development, warehousing and assembly in addition to manufacturing window regulator components. Michigan was chosen over a competing site in Missouri.
The city of Madison Heights has offered support to the project in the form of locally established programs including “I-Connect” and/or the use of local brownfield grant funds.
Gov. Rick Snyder first discussed Michigan’s advantages as an expansion location with SAIC leadership in Shanghai, China during trade missions to China in 2011 and 2012. Snyder is leading a state delegation on a seven-day investment mission to China this week to promote tourism to Michigan and build upon recent successes in attracting new job-creation business investments during meetings with government officials, business leaders, and news media in that country.