LANSING — The Michigan Economic Development Corp. announced three companies were approved for incentives by the Michigan Strategic Fund to support their expansions in Michigan.
The projects are expected to generate more than $20 million in investments and create 168 new jobs.
* Rockford-based Byrne Electrical Specialists Inc. received a $160,000 Michigan Business Development Program performance-based grant to support a new manufacturing plant in Lakeview. The project will feature a $250,000 investment by Byrne and a $500,000 investment by property investor Pickle Dock LLC. It will create 32 jobs. Michigan was chosen over a competing site in Mexico. The Grand Rapids economic development agency Right Place Inc. has offered support to the project in the form of staff time and resources. Individuals interested in learning more about Byrne should visit http://www.byrne-electrical.com
* Global Tooling Systems LLC received a $475,000 Michigan Business Development Program performance-based grant to help finance a $3.6 million project to build out its 42,000-square-foot office and manufacturing plant in Macomb Township, creating 70 jobs. The company, established in 1995, is a supplier of aerospace assembly tools for the manufacture of aerospace structures and also supplies the automotive industry with complex automation tooling designs. The company is owned by AIP Aerospace, which has locations across the United States and Europe. Michigan was chosen over a competing site in South Carolina. Macomb Township has offered support to the project in the form of a property tax abatement. For information on careers with Global Tooling Systems, visit http://aipaerospace.com/careers
* Hearthside Food Solutions LLC received a $300,000 Michigan Business Development Program performance-based grant to expand a plant in Kentwood, investing nearly $16.2 million and creating 66 jobs. Hearthside is the nation’s largest privately held bakery and full-service contract manufacturer of grain-based food and snack products for some of the world’s leading brands. The company currently operates 19 manufacturing plants in seven states. In May, MSF awarded Hearthside a $450,000 MBDP performance-based grant for the creation of 91 jobs and capital investment of $10.7 million in Kentwood. Michigan was chosen over competing sites in Illinois, Indiana and Ohio. Individuals interested in careers with Hearthside Food Solutions should visit http://www.hearthsidefoods.com/careers.
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 108,000 jobs are currently available in a variety of industries.