LANSING — Alcoa Power and Propulsion is expanding in Whitehall with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced. The expansion is expected to generate more than $16.7 million in new private investment and add 25 new jobs. As a result, the company has been awarded a $285,000 Michigan Business Development Program performance-based grant.
Alcoa Power and Propulsion provides coating services to the aerospace and power generation industries from 27 manufacturing sites in the United States, Canada, France, the United Kingdom and Japan.
State officials said Michigan was chosen over other competing sites throughout the U.S. where Alcoa operates.
Whitehall has offered support to the project in the form of property tax abatement.
For employment opportunities with Alcoa Power and Propulsion, visit www.alcoa.com/global/en/careers/search_jobs.asp.
“Alcoa is a global leader in the production of airfoil jet engine components,” said Mike Pepper, president of Alcoa Power and Propulsion. “This expansion will enable us to continue providing our high level of service as we meet growing demands for our high-tech, Thermatech-coated parts that enable enhanced fuel efficiency.”
Added Ed Garner, president and CEO of Muskegon Area First Economic Development Corp.: “As the largest manufacturing company in Muskegon County, Alcoa continues to be a leader in the aerospace industry and is home to the most advanced aerospace manufacturing facility in the world.”
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.