LANSING — The Michigan Economic Development Corp. Wednesday announced four companies were approved for incentives by the Michigan Strategic Fund to support their expansions in the state.
The state support will allow for two business expansions and two community improvement projects that are expected to generate $70.2 million in investments and create 267 new jobs.
State officials approved a $300,000 Michigan Business Development Program grant to Agape Plastics Inc. to build a 57,600-square-foot expansion on its plant in Tallmadge Township in Ottawa County. The company performs injection molding and assembly for the automotive, furniture and equipment industries. The company plans to invest $14 million and create 54 jobs. Michigan was chosen over a competing site in Ohio. Tallmadge Township has offered support to the project in the form of property tax abatement. Individuals interested in career opportunities with Agape Plastics should visit www.agapeplastics.com/contact-us.
State officials also approved a $984,000 Michigan Business Development Program grant to Magna Seating of America Inc., a subsidiary of Canada-based Magna International Inc. Magna and its subsidiaries design, develop and manufacture automotive systems, assemblies, modules and components, primarily for auto and light truck manufacturers. The company plans to build a 180,000-square-foot building in Novi to consolidate its headquarters, engineering, research and development, and sales and marketing teams. The project will generate more than $48 million in total capital investment and create 164 jobs. State officials sadi Michigan was chosen over a competing site at an undisclosed lcoation. The city of Novi is offering support to the project in the form of property tax abatement. For career opportunities with Magna Seating, visit http://www.magna.com/careers.
Also, the MSF awarded the Mackinac County Brownfield Redevelopment Authority $464,250 in local and school tax capture to redevelop 5.4 acres of property on Burdette Street in St. Ignace. The project, known as Bridgeport Commons – Phase I, will involve partial demolition of the obsolete former county hospital building at the site, alleviating brownfield conditions and preparing the site for new construction. Phase II of the development includes new construction of a three- to four-story mixed-use structure that will include medical-related office space, commercial space and residential units. The project will generate approximately a total capital investment of $900,000 for Phase I and $3.5 million for Phase 2, and create 45 full-time jobs.
Also, 678 Selden LLC plans to convert a historic vacant building in midtown Detroit into a mixed-use development with commercial and residential space. Renovations will include new plumbing, heating, electrical systems, bathrooms, kitchens, laundry facility, elevator and secured parking across from the property. The project will generate a total capital investment of nearly $3.7 million and create four jobs, resulting in a $670,210 Michigan Community Revitalization Program performance-based grant. The city of Detroit has approved an Obsolete Property Rehabilitation Act abatement valued at $410,830.
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 95,000 jobs are currently available in a variety of industries.