LANSING — The Michigan Economic Development Corp. today announced Michigan Strategic Fund approval of a $350,000 for ZYNP International Corp. to expand its operations and add a new R&D center in Romulus, a project that will generate up to $9.5 million in new private investment and add 51 new jobs. Michigan was chosen over a competing site in Texas.
“ZYNP International is a world leader in automotive products, and this expansion and new R&D center in Romulus will further strengthen its Michigan presence,” said Gov. Rick Snyder. “Michigan leads the country in new manufacturing jobs creation, and the new jobs resulting from ZYNP’s expansion will keep us moving in the right direction.”
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financin
“We can all applaud ZYNP for this expansion and thank the company for its continued commitment to Southeast Michigan,” said MEDC President and CEO Michael A. Finney. “This new investment shows Michigan’s highly competitive business climate and world class workforce mean real opportunities for leading edge companies.”