Three business expansions received Michigan Strategic Fund support to expand manufacturing plants in Romulus, Farmington Hills, and Detroit, Michigan.
“These projects will lead to new business growth, revitalized communities and more and better jobs for our residents. We’re pleased to work with our local partners and support these investments,” said Jeff Mason, CEO, Michigan Economic Development Corporation, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.
According to the Michigan Economic Development Corporation expansion projects include:
International Wheel and Tire, Inc., a joint venture between Arkk Engineering and SH-Corporation of China, is a premier tooling and equipment supplier specializing in the design and manufacture of a wide range of balancing machines for balancing tires, wheels, assemblies, and components. IWT plans to establish its operations in the city of Farmington Hills, investing $4.275 million and creating 30 jobs.
As a result of increased sales, the company is in need of a high-tech facility to research, develop, manufacture and sell industrial automation equipment related to tire and wheel production and testing. The facility will also serve as the parent company’s North American headquarters.
The company’s investment resulted in a $270,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in the southeastern U.S. In addition, the city of Farmington Hills has offered to host a talent recruitment event in support of the project. IWT is currently looking for engineers, electrical apprentices and other technical positions.
Actia Electronics, Inc., a subsidiary of Actia Corporation, processes the final assembly of circuit boards, testing and distribution. Actia Electronics plans to purchase a 50,000-square-foot facility at Aerotropolis in the city of Romulus, Michigan, investing $18.5 million and creating 151 jobs.
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