New Business: Auto Suppliers Expected To Usher In Hundreds Of Jobs
DETROIT (WWJ) - An auto supplier is set to build a new plant in Detroit and create as many as 750 new jobs.
The Michigan Economic Development Corporation says the $95 million factory will be built on 30-acres of a newly negotiated land deal (in the form of property tax abatement and or zoning) from the Economic Development Corporation of Detroit.
Detroit Mayor Mike Duggan and executives from Flex N Gate are expected to make a formal announcement Wednesday.
Flex N Gate makes bumpers, exterior trim, lighting and chassis assemblies. It has a new contract to make parts for Ford Motor Company. The state and city are giving the company tax breaks and grants to help finance the plant.
Meantime, auto supply company Cosworth plans to spend $30 million to build a new plant in Shelby Township and create 50 new jobs.
Check out career opportunities with Flex N Gate [here] .
Link to career opportunities with Cosworth [here].
The City of Charlotte Brownfield Redevelopment Authority received MSF approval of $943,800 in local and school tax capture for the Spartan Motors, Inc. The completed project will consist of a manufacturing plant and storage site for new vehicles produced by Spartan Motors, a specialty vehicle manufacturer. The project is expected to generate a total capital investment of more than $6.6 million and create 55 full-time jobs.
Michigan was chosen over a competing site in Indiana.
Peregrine PNC, LLC plans to redevelop the former PNC Bank building located at 108 E. Michigan Ave. in the heart of downtown Kalamazoo. The completed project will consist of market rate apartments, commercial space, fitness center and parking space. The project will generate a total capital investment of more than $5.2 million and create 50 full-time jobs, resulting in a $750,000 Michigan Community Revitalization Program performance-based grant.
Find more project funding information on the MEDC [here].