LANSING — An animal health company is expanding in the Kalamazoo area with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced.
That expansion, along with four other business expansion projects that also received MSF approval, will generate a total private investment of more than $71.5 million and create 203 jobs in Michigan.
Zoetis LLC, based in Parsippany, N.J., plans to renovate its animal health products manufacturing and supply centers in Kalamazoo and Portage, investing $64.5 million and creating 45 jobs over three years with a possible additional 15 jobs in the two years after that. As a result, the company has been awarded a $500,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in other locations. Southwest Michigan First has offered staff time and resources in support of the project. For information on jobs with Zoetis, visit https://www.zoetis.com/careers/index.aspx.
Other expansions getting state assistance were:
* Sterling Heights-based Conti Corp., an industrial and commercial contractor, plans to invest nearly $2.4 million to open a new pipe manufacturing plant in Bay City, creating 50 new jobs. As a result, the company has been awarded a $200,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Kentucky, Ohio and Texas. The Bay City manager will recommend support for the project in the form of a 12-year property tax abatement valued at $180,000. Individuals interested in careers with Conti should visit http://conticorporation.com/careers/.
* Chicago-based RSM US LLP, a public accounting firm, plans to consolidate its Southfield office into a new location in Detroit, investing $2.2 million and creating 50 jobs. As a result, the company has been awarded a $200,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Illinois and Indiana. The city of Detroit is offering workforce development and local agency coordination in support of the project. Individuals interested in careers with RSM US should visit http://rsmus.com/careers.html.
Also today with the assistance of the MEDC Loan Guaranty Program, mBank provided financing to Prince Valley of southwest Detroit and Great Giant Supermarket of Flint.
Prince Valley is a supermarket in Detroit’s Mexicantown. The owners have renovated the store substantially in the past few years, upgrading freezer and refrigerator spaces along with purchasing bakery, deli and hot food equipment and computer systems. Additional upgrades will be financed through an mBank $1.7 million loan over 10.5 years with the Michigan Strategic Fund offering a guaranty covering up to 49.9 percent of the loan balance ($873,250). The investment is expected to create 25 jobs.
Great Giant Supermarket in Flint was purchased in 2014 by Jeff and Jim Yono. The owners seek a loan to finance cost of upgrades, including a full-service deli with home-made foods; additional coolers. Plans call for a deli with full cases of fresh cooked foods, home-made salads and fresh meats. mBank will provide $725,000 term loan over seven years with the Michigan Strategic Fund offering a guaranty covering up to 49.9% of the loan balance ($361,775). The investment is expected to create 18 new jobs.
For more information on the MEDC and its initiatives, visit http://www.MichiganBusiness.org. Visit Pure Michigan Talent Connect at http://www.mitalent.org for more information on Michigan’s online marketplace for connecting job seekers and employers.