International business expansions get state aid

LANSING — Two global manufacturing companies that are planning expansions in Michigan have received Michigan Strategic Fund support, the Michigan Economic Development Corp. announced. The projects are expected to generate a total of $15.5 million in private investment and create 140 jobs.

The projects are as follows:

* American Mitsuba Corp. received a $360,000 Michigan Business Development Program performance-based grant to support a $13.5 million expansion of its current plant in Mt. Pleasant, a project expected to create 45 jobs. The plant was established in Mt. Pleasant in 1987 as a joint venture between Mitsuba Corp. of Kiryu City, Japan and Walbro Corp. of Cass City. The company manufactures automotive products including starter motors, cooling fan motor assemblies, electric power steering motors, and power window motors. American Mitsuba needs to add capacity for new production supply opportunities with Brose and plans to add a new 300-ton press. Michigan was chosen over a competing site in Kentucky. The city of Mt. Pleasant has offered a 50-percent property tax abatement in support of the project. Individuals interested in careers with American Mitsuba should visit http://www.americanmitsuba.com/careers.html.

* Kaidi LLC received a $450,000 Michigan Business Development Program performance-based grant to support a $2 million project to establish a new manufacturing and design headquarters in Holland, a project expected to create 95 jobs. Kaidi is a subsidiary of China-based Changzhou Kaidi Inc. and manufactures electromechanical actuators used in the medical, cinema seating, home/office and automotive industries. Kaidi is looking to expand its manufacturing capabilities into North Americs. Michigan was chosen over a competing site in Mississippi. Lakeshore Advantage, the Holland area’s economic development agency, plans to offer assistance with finding candidates for the new positions. For information on careers with Kaidi, visit https://www.kaidielectrical.com/contact/.

For more information on the MEDC and its initiative, visit www.MichiganBusiness.org.

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