Six companies, $30 million investment, 400 jobs
Six companies recognized for huge growth in northern Michigan.
What do six businesses, investing $30 million and creating over 400 new jobs look like? For the northwestern corner of the Lower Peninsula of Michigan, it looks like a big success in an era of struggling companies throughout the nation.
The Northern Lakes Economic Alliance (NLEA), a partner of Michigan State University, celebrated these six businesses by naming them Project of the Year at the NLEA Annual Luncheon. The six manufacturers averaged a local investment of $5 million over the past year, and created up to 100 jobs each at their facilities located throughout Antrim, Charlevoix, Cheboygan, and Emmet Counties. These six companies have made significant investments, kept focused and are confident of their future, as they move their companies and our economy forward. They are truly the face of what manufacturing in Michigan looks like, and it is really exciting. The NLEA honored Circuit Controls, Inc; DCL, Inc; Moeller Aerospace Technologies; Moran Iron Works; Precision Edge; and Short’s Brewing Company for their dedication to their communities and craft. Not only have these six businesses experienced growth in a slow economy, but many of them are planning additional growth over the next 2-5 years. They are planning projects that will collectively represent $40 million in investments, the creation and retention of over 500 jobs and the generation of over $500,000 in new tax revenue annually.
Michigan State University Extension has had a unique partnership relationship with the regional economic development organization Northern Lakes Economic Alliance (NLEA) for more than 20 years. Recognizing the strength of combining resources, this partnership focuses on economic development, entrepreneurship growth and community infrastructure throughout a four-county region in the northwest Lower Peninsula, specifically Antrim, Charlevoix, Cheboygan and Emmet counties. As a result, the NLEA utilizes resources offered through MSU Extension as it provides leadership to state-wide programs sponsored by MSU Extension.