LANSING — The Michigan Economic Development Corp. Wednesday announced Michigan Strategic Fund approval of two business expansion projects that are expected to generate nearly $15.3 million in investments and add up to 273 new jobs in Southeast and West Michigan.
Included were these rpojects:
* NBJX USA Inc., a China-based supplier of bushings, dampers and mounts to automakers and tier 1 suppliers established in 2005, plans to acquire a building in Canton Township to be used for office, warehousing, lab testing and possibly manufacturing, investing up to $8 million and creating 75 new 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 Indiana. Canton Township has offered support to the project in the form of property tax abatement. To learn about employment opportunities with NBJX USA, visit www.jianxin.com.
* Summit Polymers Inc., a supplier of auto interior components founded in 1972, plans to expand its existing operations in Portage and Vicksburg in Kalamazoo County and Sturgis in St. Joseph County. The company plans to invest nearly $7.3 million and create 198 jobs, resulting in an $800,000 MBDP performance-based grant. Michigan was chosen over competing sites in Kentucky, Ohio and Missouri. The communities have offered support to the project in the form of property tax abatements. Individuals interested in careers with Summit Polymers should visit www.summitpolymers.com/jobs.
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 89,000 jobs are currently available in a variety of industries.