HIROTEC AMERICA Inc. is expanding in Auburn Hills with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. The expansion is expected to generate up to $26 million in new capital investment and bring 140 new jobs.
“HIROTEC AMERICA is a global automotive supplier and its decision to invest, grow and create job in Michigan is a testament to our much-improved business climate and world-class workforce,” said MEDC President and CEO Michael A. Finney. “We appreciate the company’s commitment to our state, and we look forward to a long and mutually beneficial partnership.”
HIROTEC AMERICA Inc. a subsidiary of Hiroshima, Japan-based HIROTEC Corporation, specializes in the engineering and manufacture of automotive parts and assembly systems. The company plans to construct a new facility with plant and office space in Oakland Technology Industrial Park in the City of Auburn Hills.
The project will generate a total capital investment of up to $26 million and create 140 new jobs, resulting in a $1 million Michigan Business Development Program performance-based grant. The City of Auburn Hills is offering support to the project in the form of property tax abatement valued at $3 million. Individuals interested in exploring employment opportunities with HIROTEC should visit www.hirotecamerica.com.
“This is an exciting time for HIROTEC as we expand our presence in the State of Michigan. I would like to thank our customers, the Michigan Economic Development Corporation, Oakland County, the City of Auburn Hills, and our employees for their support,” said Katsu Uno, Chairman and CEO of HIROTEC AMERICA, Inc. “This expansion increases our local capacity to provide our customers technologically advanced, high quality, and lean manufacturing solutions.”
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
The MSF considers a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.
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