Businesses to invest $40.7M, Create 349 Jobs in Oakland County, Michigan
OAKLAND COUNTY, MICH. — Three business expansions that will generate more than $40.7 million in total investment and create 349 jobs in Oakland County have received Michigan Strategic Fund approval for support, according to the Michigan Economic Development Corp.
A. Raymond Corporate North America Inc., a subsidiary of France-based A. Raymond Network, develops, manufactures and markets fastening and assembly solutions. The company plans to construct a new North American headquarters in the city of Rochester Hills, where it will expand its corporate functions and establish a new advanced engineering lab. Supported by a $600,000 Michigan Business Development Program (MBDP) performance-based grant, the project is expected to generate a total capital investment of $17.3 million and create 71 jobs over five years. Michigan was chosen over a competing site in Ohio. The city of Rochester Hills has offered support to the project in the form of property tax abatement.
Turin, Italy-based Comau LLC manufactures advanced industrial automation systems designed to help companies of all sizes increase plant efficiency while lowering costs. The company plans to expand its three Michigan facilities located in Southfield, Royal Oak and Novi, investing $1.5 million and creating 200 jobs. As a result, Comau has been awarded a $400,000 MBDP performance-based grant.
GEDIA Michigan Inc. specializes in stamped and welded structural parts for the automotive industry. GEDIA has acquired a facility in Orion Township, the company’s first investment in the United States. The facility will serve as the GEDIA U.S. headquarters and will include an engineering and development center in addition to production operations. The project will generate a total capital investment of more than $21.9 million and create 78 jobs, resulting in a $500,000 MBDP performance-based grant. Michigan was chosen over competing sites in Ohio and Indiana.