LANSING — Unified Business Technologies is expanding in Troy with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced.
The expansion is expected to generate $17.2 million in new private investment and add 171 new jobs.
Unified Business Technologies, founded in Troy in 1997, provides manufacturing, engineering, IT, telecommunications, and professional services to federal, state and local government agencies and the private sector. The company has been awarded several new contracts with the federal government and plans to expand in Troy.
Based on investment and job growth over the next three years, the company was awarded a $650,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Alabama, Texas, Kentucky and Tennessee. Troy is also offering the project a property tax abatement.
For information on careers with Unified Business Technologies, visit www.ubtus.com.
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
The MSF considers a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.
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 80,000 jobs are currently available in a variety of industries.