Business Expansions, Community Project Get State Aid

LANSING — The Michigan Economic Development Corp. announced Michigan Strategic Fund approval of two business expansions and one community development project that will generate nearly $11.7 million in total investment and create 276 jobs around the state.

* Coyote Logistics LLC received a $320,000 Michigan Business Development Program performance-based grant for an expansion in Ann Arbor that will create 80 jobs and involve an investment of $990,800. Coyote, established in 2006, provides North American shippers with third party logistics and transportation services. Michigan was chosen over a competing site in New Jersey. In 2013 the company was awarded a $1 million MBDP grant for establishing its Ann Arbor location and creating 120 jobs. Arbor Spark has offered support to the project in the form of talent and recruitment support and a marketing package. Individuals interested in career opportunities with Coyote Logistics should visit http://www.coyote.com/logistics-jobs/.

* Norplas Industries Inc. doing business as DexSys, received a $640,000 Michigan Business Development Program performance-based grant for an expansion in Delta Township that will create 192 jobs and result in a $10.5 million investment. DexSys is a division of Magna International Inc., an auto supplier with 27 manufacturing facilities and 11 engineering, product development and sales centers in Michigan that employ more than 10,000 employees. Delta Township has offered support to the project in the form of property tax abatement. Individuals interested in career opportunities with Norplas Industries should visit http://www.magna.com/careers.

* Hillsdale has been awarded $82,685 in Community Development Block Grant funds for the Mar-Vo Acquisition Project. Mar-Vo Mineral Co. Inc. is the manufacturer of the Lucky Buck Mineral deer feed supplement that is sold at sporting goods and agricultural stores. The company has outgrown its current space and plans to acquire and renovate the former Stock’s Mill, a long-vacant, deteriorating building located one block from downtown Hillsdale. The project will generate private investment of $132,500 and create four permanent full-time equivalent jobs. The CDBG funds will be used toward a portion of the acquisition of the building. The city of Hillsdale plans to approve a 12-year Obsolete Property Rehabilitation Abatement valued at $117,750.

For more on the MEDC and its initiatives, visit michiganbusiness.org. For Michigan travel news, updates and information, visit michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check mitalent.org, where more than 94,000 jobs are currently available in a variety of industries.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s