Muskegon, Mich. – ADAC Automotive is a Grand Rapids-based direct supplier of automotive products such as body-color exterior door handle assemblies, exterior mirrors, fuel filler doors and rear access trim. ADAC plans to expand its facilities in the City of Muskegon, investing $7.9 million and creating up to 97 new jobs. As a result of the expansion, ADAC has been awarded a $650,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Mexico. The City of Muskegon plans to offer support to the project in the form of property tax abatements.
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
The Michigan Strategic Fund will consider a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.
These efforts are driven by the Michigan Economic Development Corporation, which serves as the state’s marketing arm and lead advocate for business growth, jobs and opportunity with a focus on helping Michigan’s economy.
For more on the MEDC and its initiatives, visit: www.MichiganBusiness.org.
CONTACT: Amanda Jager, Communications Supervisor, ADAC Automotive, Inc.: +1 616.957.0311
Cindy Vermetti, Executive Director of Human Resources, ADAC Automotive,
Inc.: +1 616.957.0311