The projects will help to create 770 direct jobs, state officials claim. According to a University of Michigan economic analysis, another 741 indirect jobs are expected to result from increased economic activity associated with the company expansions, for a total of 1,511 jobs.
Material Sciences Corp. plans to invest $17.4 million to establish a 54,000-sf technical center in Plymouth Township instead of a competing site in Ohio. The expansion is expected to create six new positions in the first year of the project for a total of 17 by 2014. In addition, the company will relocate 24 current employees in Farmington Hills to the new facility.
Cobasys will invest $1.5 million to complete an office building and purchase new equipment as it consolidates three plants currently operating in Troy to a single 70,000-sf facility in Orion Township. The company, which chose Michigan over Ohio, designs, manufactures and sells nickel metal hydride battery systems for the emerging hybrid electric vehicle market. The project is expected to create 50 new jobs in the first year, and a total of 150 jobs within five years.
Grand Haven plans to redevelop 19 acres of vacant, contaminated property near the corner of Jackson Street and Beacon Boulevard for mixed-use development consisting of multifamily housing, commercial, retail and office space. The city will utilize state and local tax capture valued at more than $10.4 million for improvements including construction of a public boardwalk along the river as well as water, sewer and road upgrades. The project is expected to spur $50 million in private investment.
Cheboygan will redevelop four parcels of blighted property on the riverfront near the corner of Pine and Main streets. J & D Investments of Cheboygan, LLC plans to acquire and transform the site into a mixed-use development to include retail and office space and a full-service marina with a boat storage facility. The city will use tax capture valued at $247,250 for demolition and asbestos contamination clean up. The new development, to be known as Mariner Village, is expected to create 28 new jobs and give rise to more than $4.1 million in private investment.
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