BDP Success Booklet

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MICHIGAN BUSINESS DEVELOPMENT PROGRAM August 2015

Transcript of BDP Success Booklet

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MICHIGAN BUSINESSDEVELOPMENT PROGRAM

August 2015

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www.michiganbusiness.org | 3

REGION LOCATIONS

KEWEENAWW

ONTONAGON

GOGEBICIRON

BARAGA

MARQUETTE

DICKINSON

MENOMINEE

DELTA

ALGERSCHOOLCRAFT

LUCE

MACKINAC

CHIPPEWA

EMMETCHEBOYGAN

PRESQUE ISLECHARLEVOIX

ALPENA

MONTMORENCYOTSEGANTRIM

LEELANAU

BENZIE GRAND TRAVERS

KALKASKA CODA ALCONA

IOSCOOGEMAWROSCOMMONUKEEWEXFORMANISTEE

MASON LAKE OSCEOLA CLARE GLADWINARENAC

HURON

MIDLAND

TUSCOLA SANILAC

LAPSHIAWASSEE

GRATIO AGINAW

GENESEE

MECOSTANEWAYGO

OCEANA

OTTAWA

MONTCALM

IONIA CLINTON

EATOLIVINGSTON

ALLEGAN

VAN BUREN JACKSON

BERRIEN CASS ST. JOSEPH BRANCH HILLSDALE WEE MONROE

HOUGHTON

ISABELLA

MUSKEGON

GHAM

KALAMAZOO CALHOUN WASHTENAW WAYNE

OAKLAND

MACOMB

ST. CLAIR

BAY

CRAWF

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Upper Peninsula

Northwest

Northeast

West Michigan

East Central Michigan

East Michigan

South Central

Southwest

Southeast Michigan

Detroit Metro

Michigan’s economy is reinventing itself to meet 21st century demands

and attitudes. New industries, expanded manufacturing capabilities,

and an invigorated sense of community commitment are driving

significant job growth and capital investment.

The Michigan Economic Development Corporation’s (MEDC) Michigan

Business Development Program (MBDP) plays a crucial role in the state’s

economic reinvention by providing grants, loans or other assistance to

businesses for highly competitive Michigan projects. This initiative is

transforming Michigan communities through commercial development

that would otherwise not occur or be lost to competitors.

The following “success stories” highlight the breadth and depth of

MBDP projects. Each is a snapshot of the program’s influence on the

project and local impact, and taken as a whole, illustrates the strong role

MBDP is playing in Michigan’s economic resurgence.

MEDC’s Business Development Program is changing the way businesses

do business in Michigan.

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BUILD YOUR BUSINESSThe MEDC has partnered with the Michigan Small

Business Development Center (MI-SBDC) to ensure

that the right expertise is available to help businesses

draft proposals, raise capital, or gain critical business

management skills. Entrepreneurs and small business

owners rely on MI-SBDC to provide no-cost business

counseling, low-cost business workshops and market

research. www.sbdcmichigan.org

GROW YOUR BUSINESSMEDC helps Michigan companies find domestic and

international buyers with immediate needs for their

expertise and products, providing near term business

growth. Pure Michigan Business Connect (PMBC) helps

Michigan companies find buyers through matchmaking

and summit events, while the Pure Michigan State

Trade Export Promotion (STEP) program helps Michigan

businesses become exporters, expanding their reach

into new global markets.

www.michiganbusiness.org/grow

Michigan’s statewide network of Procurement Technical

Assistance Centers (PTACs) help companies compete

in the complex world of state and federal government

contracting. www.ptacsofmichigan.org

LOCATE YOUR BUSINESSMichigan welcomes business investment from around the

world.

We connect with expanding businesses and help them

understand the benefits of a Michigan location. Growing

businesses are supported with resources to identify

real estate, talent, and other requirements that assure

successful expansions that create high quality jobs.

www.michiganbusiness.org/site-selection/choose-

michigan

Through our programs and network of partners, our business development team works to ensure that Michigan is a great place to build a business or expand an existing one.

MICHIGAN ECONOMIC DEVELOPMENT CORPORATION BUSINESS DEVELOPMENT PROGRAM

BASIC REQUIREMENTS:• Project not started

• QNJ and base

• Financing

• Local support

• Announcement

CONSIDERATIONS• Out-of-state competition

• Jobs/investment/wages/benefits

• ROI

• Timing

• Site (distressed/core/reuse)

• Previous incentives

• Tax structure

• Not retail/retention

• Company diversification

• Links to Michigan suppliers

PROCESS• Offer accepted

• Application completed

• Due diligence completed

• Terms accepted

• Project approval

• Agreement executed

• Disbursements

The Michigan Business Development Program (MBDP)is designed to provide assistance to companies for highly competitive projects that create jobs and provide investment in Michigan. The incentiveis a cash grant or loan that will be disbursed based on performance

MICHIGAN ECONOMIC DEVELOPMENT CORPORATION BUSINESS DEVELOPMENT PROGRAM

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BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

Anchor Coupling, Inc. Menominee, MI

Michigan Strategic Fund Action: Michigan Business Development $1 million performance-based grant

Total Capital Investment: $9 million

New Jobs in Michigan: 110

New expansion is connecting Menominee with new jobs.

Anchor Coupling, Inc., a manufacturer of pressure hydraulic hose and coupling assemblies for small and large original

equipment manufacturers, expanded its Menominee manufacturing facility.

Michigan Strategic Fund approval of a $1 million Business Development Program performance-based grant not only made

the expansion possible, but also allowed the company to renovate a 140,000 square-foot building adjacent to the existing

manufacturing facility, creating more than 110 new jobs.

Cooper Standard Fairview Comins Township, MI

Michigan Strategic Fund Action: Michigan Business Development $1 million performance-based grant

Total Capital Investment: $6.3 million

New Jobs in Michigan: 177

New manufacturing jobs are coming to Oscoda County.

Cooper Standard Fairview, a global automotive supplier of body sealing, fuel, brakes, emissions, and thermal management,

expanded its existing Comins Township facility.

Michigan Strategic Fund approval of a $1 million Business Development Program performance-based grant not only made this

expansion possible, but it also aided in the purchase of new machinery and equipment.

The project will create 177 new jobs, greatly impacting the community.

Avon Protection SystemsCadillac, MI

Michigan Strategic Fund Action: Michigan Business Development $100,000 performance-based grant

Total Capital Investment: $925,500

New Jobs in Michigan: 29

Cadillac’s economy is now breathing a little easier.

Avon Protection Systems, a manufacturer of respiratory protection system

technology for the military, law enforcement and firefighting, now calls

Michigan home.

Michigan Strategic Fund approval of a $100,000 Business Development

Program performance-based grant helped convince the company to

relocate all its current and future manufacturing from their Georgia facility

to Cadillac, creating 29 new jobs.

Herbruck Poultry Ranch, Inc. Saranac, MI

Michigan Strategic Fund Action: Michigan Business Development $500,000 performance-based grant

Total Capital Investment: $3.4 million

New Jobs in Michigan: 53

Sometimes it’s good to have too many hens in the henhouse.

Herbruck Poultry Ranch, Inc., is a family-owned retail and food service egg producer for local, regional and national customers.

To meet the needs of the marketplace, the company had the opportunity to expand its organic and cage-free egg production.

Michigan Strategic Fund approval of a $500,000 Business Development Program performance-based grant supported the

company’s plan to expand its existing operations, creating 53 new jobs.

As an important employer in Ionia County, this project means more jobs for area residents for years to come.

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Region 2

Region 3

Region 4

BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

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Suniva, Inc. Saginaw, MI

Michigan Strategic Fund Action: Michigan Business Development

$2.5 million performance-based grant

Total Capital Investment: $12.23 million

New Jobs in Michigan: 350

Saginaw’s economic forecast is getting brighter.

Suniva, Inc. is the country’s only high-efficiency solar cell manufacturer. Michigan Strategic Fund approval of a $2.5 million

Business Development Program performance-based grant facilitated the company’s plans to build a new state-of-the-art

manufacturing facility in Saginaw.

The plan will create 350 new jobs, not only providing a major boost to Saginaw’s economy, but also triggering an immense

ripple effect to outlying communities where workers live and spend.

Rassini Brakes, LLCMt.Morris, MI

Michigan Strategic Fund Action: Michigan Business Development $500,000 performance-based grant

Total Capital Investment: $17.3 million

New Jobs in Michigan: 61

The resurgence of the automotive industry extends beyond Southeast Michigan.

Rassini Brakes, LLC is the largest fully integrated supplier of rotor components in North

America. The company has chosen Michigan, and Mt. Morris in particular, as home to

its new $17.3 million manufacturing operation, creating 61 new jobs.

Michigan Strategic Fund approval of a $500,000 Business Development Program

performance-based grant is supporting this project to machine automotive products

for delivery to original equipment manufacturers’ Midwest assembly plants.

Region 5

Region 6

Two Men and a Truck International, Inc. Lansing, MI

Michigan Strategic Fund Action: Michigan Business Development $350,000 performance-based grant

Total Capital Investment: $3.9 million

New Jobs in Michigan: 70

Lansing’s business expansion is on the move.

Two Men and A Truck International, Inc. (TMTI) is the country’s first and largest local moving franchise. With more than 400 open

territories in the United States alone, the company was ready to expand their corporate headquarters to further service their

growing franchises.

Michigan Strategic Fund approval of a $350,000 Business Development Program performance-based grant facilitated this

expansion plan, creating 70 new jobs. Since the grant was approved, TMTI now has a presence in 39 states with more than

255 locations (320 including secondary locations) in the United States, 21 in Canada, three in the United Kingdom and one in

Ireland.

Newell Rubbermaid, Inc.Kalamazoo, MI

Michigan Strategic Fund Action: Michigan Business Development $2 million performance-based grant

Total Capital Investment: $2.3 million

New Jobs in Michigan: 100

Another Fortune 500 company has found a permanent home in Michigan.

Newell Rubbermaid, Inc. is a global marketer of more than 40 consumer and commercial products, including leading brands

Sharpie®, Paper Mate®, and Rubbermaid®.

Michigan Strategic Fund approval of a $2 million Business Development Program performance-based grant supported the

consolidation of all their design and test facilities, culminating in the construction of a new 40,000 square-foot facility in

Kalamazoo. The center staffs 100 professionals.

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Region 8

BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

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Mahindra GenZe Ann Arbor, MI

Michigan Strategic Fund Action: Michigan Business Development $300,000 performance-based grant

Total Capital Investment: $2.01 million

New Jobs in Michigan: 34

Ann Arbor’s economy continues to get up and go.

Mahindra GenZe designs, engineers and manufactures sustainable transportation solutions. Its newest mobility innovation, the

GenZe, is the only two-wheeled electric vehicle of its kind in the United States.

Michigan Strategic Fund approval of a $300,000 Business Development Program performance-based grant helped convince the

company to manufacture the GenZe in its existing Ann Arbor assembly facility over competing sites in other states. The project

will bring 34 new jobs to the area.

Teijin Advanced Composites of America, Inc.Auburn Hills, MI

Michigan Strategic Fund Action: Michigan Business Development $375,000 performance-based grant

Total Capital Investment: $7.9 million

New Jobs in Michigan: 25

New technology is strengthening Auburn Hills

reputation as a global automotive center.

Teijin Advanced Composites America, Inc., a world leader in high-performance materials, is developing and prototyping its

Sereebo™ carbon fiber reinforced composites for automotive and other large volume applications.

Michigan Strategic Fund approval of a $375,000 Business Development Program performance-based grant supported plans to

open a new operation in Auburn Hills’ to house this research, creating 25 new jobs.

This project has the distinction of being the first project approved under the Michigan Economic Development Corporation’s

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BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

For more information

about how the Michigan Business Development Program

can assist your business’ relocation or expansion:

[email protected]

888.522.0103

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The Michigan Economic Development Corporation

(MEDC) is the state’s marketing arm and lead

advocate for business development, talent and

jobs, tourism, film, and digital media incentives, arts

and cultural grants, and overall economic growth.

The MEDC offers a number of business assistance

services and capital programs for business attraction

and acceleration, entrepreneurship, strategic

partnerships, talent enhancement, and urban and

community development.