The Michigan Economic Development Corporation announced that the Michigan Strategic Fund has approved a new training initiative called the Community College Skilled Trades Equipment Program.
Through CCSTEP, community colleges in the state will have access to a combined total of $50 million for purchasing equipment that will allow the colleges to deliver education for high-demand and high-wage occupations that need skilled workers.
Each college applying for CCSTEP funding will be able to seek up to $4.8 million. The application process will start next month, and the funding awards will be announced next year in February.
Governor Rick Snyder said in a statement that Michigan intends to lead the nation in skilled trades training, and providing community colleges with funding assistance is a huge step forward in that direction.
The MEDC also announced Michigan Strategic Fund approval of economic development incentives for an expansion project by Thomson Reuters, two separate projects by subsidiaries of Magna International, Inc., a relocation project by Chrysler supplier Mobis North America, and another expansion project undertaken by automotive supplier Shiloh Industries.
Thomson Reuters Inc. develops and sells tax and accounting software for the public accounting sector from a facility in the Ann Arbor area. The operations there have outgrown the facility, and the company is planning a $19.8 million expansion in Pittsfield Charter Township that will create 300 new jobs.
Thomson Reuters was considering an alternative site in Texas for the expansion, but Ann Arbor SPARK helped the company secure a $2.4 million performance-based grant under the Michigan Business Development (MBD) Program. Pittsfield Charter Township is additionally considering offering local incentives to support the project through a property tax abatement.
Magna Exteriors and Interiors, USA, Inc., a subsidiary of Magna International, Inc., is planning to build a new factory in Windsor Township with an investment of $57 million and 281 jobs. This project is getting a $2 million MBD grant, and Windsor Township is additionally offering a property tax abatement.
Magna Lighting, another Magna International, Inc. subsidiary, is building a new headquarters and manufacturing facility in Plymouth Charter Township, where it also plans to consolidate its R&D, engineering, and sales and marketing operations. The company, supported by a $3 million MBD grant, is investing $59.2 million into the project, and expects to create 466 new jobs.
Plymouth Charter Township is also the location for another project by Mobis North America, which is relocating from a facility in Farmington Hills, MI to a larger one in Plymouth Charter Township. The company is investing $26.6 million into the project, and expects to create 121 new jobs, supported by a $1.25 million MBD grant. If this project had not been secured by Michigan, the entire facility would have been relocated to the company’s headquarters in Toledo, OH.
Shiloh Industries and its subsidiary Greenfield Die & Manufacturing Corporation are investing $48 million and creating 128 jobs for expanding manufacturing operations in Canton Township and establishing a new sales and technical center in Plymouth Township. The company, supported by a $2 million MBD grant and a property tax abatement from Canton Township, chose Michigan for these projects after considering competing out-of-state sites in Georgia, Ohio and Tennessee.