Auto supplier invests $8.5M in expansion, jobs
An auto supplier is planning to invest $8.5 million to expand its operations in the region and create up to 144 jobs.
Auto industry retention
Ventra Ionia Main, a subsidiary of Ventra Greenwich Holdings Corp., plans to expand its presence in Ionia, where it has operated since 2007 when it acquired a 724,000 square-foot facility, at 14 N. Beardsley Rd., according to the Ionia County Economic Alliance and The Right Place, a regional economic development nonprofit, on Wednesday.
Ventra Ionia Main chose Michigan over competing sites in the U.S. and Mexico.
Ventra Ionia Main makes automotive front and rear bumpers and grille assemblies for original equipment manufacturers, including Ford and General Motors.
The company offers diverse manufacturing capabilities, including stamping, welding, chrome plating, molding, assembly and testing.
“Ventra’s latest investment in Ionia re-affirms the economic growth that has continued to occur in the county,” said Jen Wangler, business development manager, The Right Place and Ionia County Economic Alliance.
To support the company’s growth and its continued investment in Michigan, Ventra Ionia Main has been awarded a $500,000 Michigan Business Development Program performance-based grant.
The city of Ionia is also expected to approve a local tax abatement valued at $495,000 to support the project.