LANSING — TG Fluid Systems, a subsidiary of Toyoda Gosei North American Corp., is expanding in Brighton with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. said Wednesday.
TG Fluid Systems USA Corp., a subsidiary of Toyoda, is a plastic extrusion and forming manufacturing company. The company has experienced significant growth and plans to expand operations in Brighton. The project will generate a total capital investment of up to $12.9 million and create 36 jobs, resulting in a $150,000 Michigan Business Development Program performance-based grant.
Ann Arbor Spark, the economic development agency for Washtenaw and Livingston counties, has offered support to the project in the form of hiring assistance, and also provided assistance to the company throughout the process of applying for and securing incentives from the state.
For employment opportunities with TG Fluid Systems, email firstname.lastname@example.org.
The Michigan Department of Transportation is currently reviewing an application for a Transportation Economic Development Fund grant to make road repairs necessary for the project.
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 85,000 jobs are currently available in a variety of industries.