Applied Dynamics International received Michigan Strategic Fund approval for support, the Michigan Economic Development Corporation announced today.
Applied Dynamics International, Inc., founded in 1957 in Ann Arbor, specializes in advanced computing and helps companies make better use of simulation assets through all stages of product development, testing, demonstration, training, and maintenance. The company, which is experiencing rapid growth, will invest nearly $4.4 million and create 100 high-paying jobs as part of its expansion. As a result, the company has been awarded a $650,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Seattle and the UK. Ann Arbor SPARK is planning to assist the company in attracting talent for the new positions. For information on careers with ADI, please visit https://www.adi.com/company/careers/.
“ADI’s commitment to growing here in Ann Arbor – creating jobs and attracting investment – is exciting. ADI is part of Ann Arbor’s long tradition of innovation, and that continues today with this expansion,” said Paul Krutko, president and CEO of Ann Arbor SPARK.
“This is a region with a depth of tech talent, research activity, and partnership opportunities. Now that its expansion plans are set in place, Ann Arbor SPARK will further support its success by helping the company find the highly skilled workers it needs to continue to innovate, and provide its technology to customers around the world,” Krutko said.
“Today’s MSF approvals offer further evidence of our commitment to revitalizing Michigan’s communities and helping growing companies generate new job opportunities,” said Jeff Mason, CEO, Michigan Economic Development Corporation, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.