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Business Expansion Projects Will Generate $54 Million

Tuesday, January 2, 2018   (0 Comments)
Posted by: Kate Oesterle
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Six business expansions and a community development project, expected to generate more than $54 million, have received Michigan Strategic Fund approval for support, the Michigan Economic Development Corporation (MEDC) recently said.

“The successful expansion of these companies around the state reflects Michigan’s growing economy and expanding job opportunities for our state’s talented and abundant workforce,” Jeff Mason, CEO of the MEDC, said.

The projects are:

Minghua USA, an auto-industry component manufacturer, will invest $8.4 million in its North American headquarters in Troy.

Cintas Corp., a leading provider of corporate identity uniform, will invest $17 million in a new commercial/industrial cleaning facility in Delta Township.

L & P Properties will invest $601,595 to renovate a vacant building in Lansing.

Kalkaska Screw Products, highly engineered machined component manufacturer, will invest $14.1 million to expand its operations in Kalkaska.

The CEO of Logiquip, a hospital inventory storage solutions and distribution systems provider, will invest $11.6 million in private funds to purchase the company and keep it in Michigan.

Pentar Stamping, maker of stamped products for a wide range of applications and industries, will invest $400,000 in new equipment.

Right Brain Beverages, a culinary microbrewery, will invest $1.9 million to purchase the space it is currently renting.

These projects are expected to generate 179 jobs.

Creating Value
by delivering business-critical resources & bottom line savings
Building Networks
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Growing Talent
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