GRAND RAPIDS, Mich. (WOOD) — Nearly $7 million in expansions, investments and startups are expected to create 171 jobs in West Michigan, the region’s economic development organization announced Wednesday.
Belmont-based AvaSure LLC, Belding Tool & Machine and new company Steel 21 are investing a total of $6.8 million in the region and will add jobs over the next three years, according to The Right Place, Inc.
AvaSure, a medical technology company, will invest $1.9 million in a manufacturing plant in the 5800 block of Safety Drive NE in Plainfield Township, according to The Right Place. The company hopes to start in-house manufacturing toward the end of this year.
The plant would create 110 new jobs over the next three years.
AvaSure was granted a $570,000 incentive package from the Michigan Economic Development Corporation Wednesday. Plainfield Township also gave the company with a tax abatement.
Steel 21, a brand new steel plate processing company, will invest $4.5 million to build a new 30,000-square-foot plant in the 4700 block of 12 Mile Road in Algoma Township.
The company will start with 31 workers, but expects to create 61 new jobs in machine programming and operating, machining, die set assembly and sales over the next three years, The Right Place said.
Last week, Algoma Township approved a tax abatement for Steel 21’s new facility. Construction is scheduled to start in June.
And the new owners of Belding Tool & Machine, a tool and die company, will invest $405,000 in equipment upgrades and workers, The Right Place said. The new ownership aims to increase automation and market diversification. The company is receiving a tax abatement from the city during the transition.