TG Fluid Systems, a subsidiary of Toyoda Gosei North American Corporation, is expanding in the City of Brighton with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. The expansion is expected to generate nearly $13 million in new private investment and add 36 new jobs.
“Michigan leads the nation in manufacturing jobs growth, and the new jobs resulting from TG Fluid Systems’ expansion will keep us moving in the right direction,” said MEDC President and CEO Michael A. Finney. “The company’s decision to expand in Michigan demonstrates our state’s strong advantages as a great place to do business.”
TG Fluid Systems USA Corporation, a subsidiary of Toyoda Gosei North American Corporation, is a plastic extrusion and forming manufacturing company. The company has experienced significant growth due to its highly automated forming and assembly system and plans to expand operations in the City of Brighton. The project will generate a total capital investment of up to $12.9 million and create 36 jobs, resulting in a $150,000 Michigan Business Development Program performance-based grant. Ann Arbor SPARK has offered support to the project in the form of hiring assistance, and also provided assistance to the company throughout the process of applying for and securing incentives from the state. For employment opportunities with TG Fluid Systems, please send an email to firstname.lastname@example.org.
The Michigan Department of Transportation is currently reviewing an application for a Transportation Economic Development Fund grant to make local roadway repairs necessary for the TG Fluid Systems project.
“We are happy that TG Fluid Systems USA Corporation will remain in the City of Brighton,” said TG Fluid Systems USA President Toru Koyama. “We are looking forward to a long and successful working relationship with the State of Michigan and the City of Brighton.”
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.
Pure Michigan is a brand representing business, talent and tourism initiatives across Michigan. These efforts are driven by the Michigan Economic Development Corporation, which serves as the state’s marketing arm and lead advocate for business growth, jobs and opportunity with a focus on helping grow Michigan’s economy.
For more on the MEDC and its initiatives, visit michiganbusiness.org. For Michigan travel news, updates and information, visit michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check mitalent.org, where more than 85,000 jobs are currently available in a variety of industries.