State Aid OK’d For $29.8M In Business Expansions

LANSING — Three business expansions that will generate nearly $29.8 million in total investment and create 148 jobs in Michigan have received Michigan Strategic Fund approval for support, the Michigan Economic Development Corp. announced.

Details are as follows:

* Grandville-based Kerkstra Precast Inc. plans to expand its precast plant in Trenton,  investing more than $16.2 million and creating 50 jobs. As a result, the project has been awarded a $300,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Ohio. The city of Trenton is offering support to the project in the form of a property tax freeze. Individuals interested in careers with Kerkstra Precast should visit http://kerkstra.com/about/employment.

* The Sparta-based storage systems manufacturer Speedrack Products Group Ltd. has purchased a plant in the city of Litchfield in Hillsdale County, and plans to invest more than $5 million and create 38 jobs. As a result, the company has been awarded a $228,000 Michigan Business Development Program performance-based grant to assist with infrastructure upgrades and the purchase of new equipment. Michigan was chosen over competing sites in Indiana and Ohio. The city of Litchfield plans to offer property tax abatement in support of the project. Individuals interested in careers with Speedrack should visit https://jobs.mitalent.org/job-search and type in the Keyword “Speedrack” or email jobs@speedrack.net to request an application.

* The auto supplier Yanfeng Automotive Interiors plans a southeast Michigan headquarters and technical center for instrument panel engineering and testing in Novi, investing $8.45 million and creating 60 jobs. The company was formed in 2015 as a joint venture between Yanfeng Automotive Trim Systems, part of Shanghai-based SAIC, the Chinese government-owned automotive design and manufacturing company, and Adient, a Johnson Controls spinoff automotive electronics maker based in Plymouth. The company has been awarded a $600,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in another undisclosed location. The city of Novi has offered support to the project in the form of property tax abatement. Individuals interested in careers with the company should visit http://www.yfai.com/Pages/Job/JobSearchNew.aspx.

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 89,000 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