Metal parts supplier invests $8.2M in expansion
A company that supplies metal parts to the automotive and furniture industries is planning to expand its operation and create 81 jobs.
Mico Industries is planning to invest roughly $8.2 million to expand its operations in West Michigan, according to The Right Place, a regional economic development nonprofit, yesterday.
Mico Industries selected West Michigan for its expansion over a site in Texas.
It is still confirming the local location for its expansion.
The company has committed to leasing a facility in one of two potential sites in Kentwood, according to Tim Mroz, VP of marketing and communications, The Right Place.
Mico Industries has two locations in the Grand Rapids area and 53 employees.
The expansion is due to recent growth at Mico and it receiving a new project anticipated to increase sales by 50 percent as of 2016.
Mico Industries received assistance at the local and state levels, including approval for a $350,000 performance-based grant through the Michigan Business Development Program and municipal support from the city of Kentwood.
“Companies like Mico face tremendous pressure to locate outside of Michigan, but thanks to our partners at the MEDC and the city of Kentwood, we were able to create a positive environment where they could create jobs and invest here at home,” said Megan Sall, business development manager, The Right Place.
Stephen Kepley, mayor of the City of Kentwood, said the city is pleased to partner with Mico Industries as it improves its West Michigan operations.
“Keeping jobs in West Michigan is a primary objective for our city, and we are appreciative of Mico’s selection of Kentwood for their expansion,” Kepley said.
Established in 1983, Mico Industries is a minority-owned maker of metal parts and provides a range of capabilities: metal stamping; welding; assembly; tube fabrication; metrology; machining; and laser cutting.