Greentech, heathcare firms to invest $36.6M, create 610 Metro Detroit jobs

While the Big 3 may have scored the top headline for their multi-billion-dollar investment in Metro Detroit, just as encouraging are the three new economy-oriented businesses sinking money and creating jobs in the region.

Those three companies include a plastic waste recycler, a medical equipment maker, and an alternative energy firm. The plastic waste recycler, Mountain Valley Recycling, wasn't even thinking about Michigan before the Michigan Economic Development Corp recruited the company to spend $29.5 million to establish a new facility in Sterling Heights that recycles plastic waste into post-consumer resins. The move will create 396 new jobs over the next five years, thanks to a $5.1 million state tax credit.

"Michigan wasn't even on our radar screen," says Ron Whaley, president & CEO of Mountain Valley Recycling. "Our next plant was going to be on the West Coast. But some people from the MEDC proactively reached out to us to set up shop in Michigan. They did a really good job. I have never met a team so proactive."

Roush Clean Tech is setting up a $2.1 million research and development center in Plymouth, creating 54 new jobs. The company will develop alternative energy solutions for fleet vehicles. The state will give a $1.1 million tax credit over seven years.

EnovateIT, a manufacturer of computer workstations for the health care industry, is also creating 160 jobs over the next six years by investing $4 million to expand its design and production operation in Canton. The state came through with a $1.1. million tax credit.

Source: Michigan Economic Development Corp and Ron Whaley, president & CEO of Mountain Valley Recycling
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

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Greentech, heathcare firms to invest $36.6M, create 610 Metro Detroit jobs

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