The Michigan Strategic Fund (MSF) is backing the expansion of two business operations in the state that will facilitate 68 additional jobs through a $7.7 million private investment.
According to a news release from the governor’s office, the announcement was made earlier this month by Gov. Gretchen Whitmer and Michigan Economic Development Corporation (MEDC) for businesses located in the cities of Cadillac and Fenton
“Rexair is excited to be working with MEDC and the city of Cadillac in our combined efforts to grow Michigan’s economy and employment opportunities,” said Rexair Environmental Health and Safety Administrator Jeff Nerem. “This is truly a team effort to invest in all our futures.”
The release reports that American Recreational Products, an entity of National Composites, came to the conclusion that its facility in Owosso could not expand and chose Fenton to expand operations.
“Today’s investments by American Recreational Products and Rexair will create a combined 68 good-paying jobs for Michiganders as we continue growing Michigan’s economy and investing in every region of the state,” said Whitmer. “With jobs growing every day, unemployment decreasing at a record rate, strong small business growth, and rising wages, our economy is on the move. I will stay focused on the fundamentals that matter most to working families and communities while ensuring Michigan leads the way in key industries like manufacturing. Our state is competing more aggressively than ever before to bring more jobs and investment to Michigan to grow our economy even further.”
American Recreational Products expansion is backed by a $250,000 Michigan Business Development Program grant that is expected to bring 59 new jobs with the state chosen over Minnesota and Missouri.
“The decisions by American Recreational Products and Rexair to expand in Michigan highlight the enduring strength of Michigan’s value proposition: talented workforce, diverse industries and the business environment focused on long-term economic growth,” said Quentin L. Messer Jr., CEO of MEDC and President and Chair of the MSF Board. “These projects are representative of our holistic, people-first approach to economic development that rewards risk-takers while further securing Michigan’s leadership in the industries that will propel our economy into the future and benefit more Michiganders.”
Rexair will expand its facility in Cadillac with nine new injection molding machines, backed by a $48,000 Michigan Business Development Program grant that will bring in nine new jobs.