Blythewood, SC-based ALD is an advanced vacuum heat-treating service provider specializing in processes for precision automotive components such as transmission gears, shafts, fuel injector parts and precision bearings. The St. Clair County Economic Development Alliance coordinated the creation of a package of incentives to help ALD decide to locate in Port Huron versus competing sites in Ohio and Ontario, Canada.
The Michigan Economic Growth Authority approved of a MEGA grant for ALD valued at up to $915,000 over the next seven years. The credit against the company's single business tax liability is triggered upon creation of the promised jobs and investment.
"ALD is part of the power train components segment of the automotive industry that is a target market for our community's business attraction efforts," says Doug Alexander, executive director of the Economic Development Alliance.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.