LANSING — Three business expansions that will generate more than $40.7 million in total investment and create 349 jobs in Oakland County have received Michigan Strategic Fund approval for support, the Michigan Economic Development Corp. announced.
* A. Raymond Corporate North America Inc., a subsidiary of Grenoble, France-based A. Raymond Network, plans to build a new North American headquarters in Rochester Hills, expanding its corporate functions and establishing a new advanced engnieering laboratory. The project is expected to generate a total capital investment of $17.3 million and generate 71 jobs over five years. As a result, the project will receive a $600,000 Michigan Business Development Program performance-based grant. The company manufactures and markets fastening and assembly components. Michigan was chosen over a competing site in Ohio. The city of Rochester Hills has offered support to the project in the form of property tax abatement. Individuals interested in careers with A. Raymond should visit http://careers.araymond.com/.
* Comau LLC, a member of the FCA Group, plans to expand three Michigan locations in Novi, Royal Oak and Southfield, investing $1.5 million and creating 200 jobs in the skilled trades and other areas. As a result, Comau has been awarded a $400,000 Michigan Business Development Program performance-based grant. Comau provides advanced industrial automation systems and is based in Turin, Italy. Michigan was chosen over competing sites throughout the U.S. and the world. The cities will provide staff time and promotional assistance in support of the project. For information on careers with Comau, visit http://www.comau.com/en/careers.
* Gedia Michigan Inc., a subsidiary of Attendorn, Germany-based Gedia, has purchased a plant in Orion Township, the company’s first investment in the United States. The project will generate a total capital investment of $21.9 million and create 78 jobs. As a result, the company will receive a $500,000 Michigan Business Development Program performance-based grant. The company, founded in 1910, specializes in stamped and welded structural parts for the automotive industry. Michigan was chosen over competing sites in Ohio and Indiana. Orion Township has offered staff time or promotional assistance in support of the project. Individuals interested in careers with GEDIA should visit http://www.gedia.com/en/careers/overview/.
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.