Three Grand Rapids area companies plan $70M investment, 134 new jobs
Posted By: mlive on April 1, 2024. For more information, please click here to read the source article.
Three Grand Rapids area companies — representing the medical device, dairy processing and adhesive vinyl film industries — are expanding, and plan to add 134 new jobs and $70 million in capital investment.
The expansions were announced by regional economic development group The Right Place in partnership with the Michigan Economic Development Corporation (MEDC). Here’s a look at the expansions:
Packaging Compliance Labs
The medical device manufacturer, established in 2014, plans to expand its locations at 3498 Kraft Ave. SE in Cascade Township and 4334 Brockton Dr. SE in Kentwood. The expansion is expected to generate a $4.5 million capital investment and 50 new jobs.
The company was awarded a $250,000 Michigan Business Development Program performance-based grant from the MEDC.
Schreiber Foods
The dairy processor, which makes cream cheese, natural cheese, beverages and yogurt, will expand operations at its plant at 5252 Clay Ave. SW in Wyoming. It plans to make a $59 million investment to expand in Wyoming and add 32 jobs.
As part of its expansion, which the company attributes to growth in its consumer beverage offerings, the MEDC is providing Schreiber with a $198,000 Michigan Business Development Program performance-based grant.
The company’s beverage offerings include “juice, health and protein shakes, and milk, which don’t need to be refrigerated until they’re opened.”
“We’re excited to grow our beverage plant in Wyoming, Michigan, and bring new jobs to the community. This investment sets us up to continue being an essential ingredient in our customers’ success,” Jim Mackey, Global Tax Manager of Schreiber Foods, said in a press release.
Celia Corporation
The adhesive vinyl film manufacturer, whose products are used in the print industry for advertising signage, plans to add 52 jobs and invest $6.9 million to expand its plant at 309 S. Union Ave. in Sparta. The company employs over 340 people and is looking to purchase new equipment to “add capacity and meet increasing demand,” according to a news release from The Right Place.
The MEDC is providing the company with a $300,000 Michigan Business Development Program performance-based grant.
“General Formulations is excited to continue to invest in additional resources that will help grow the company and help us serve our customers,” said Brad Buettner, CFO Celia Corporation. “We expect that this investment will generate up to $20 million in additional revenue and support many new quality jobs for our community.”
« Back to Insights