The facility will allow Gentex to expand its operations for the manufacture of automatic-dimming mirror systems for the automotive industry. "This significant expansion in Michigan will extend Gentex's growth potential and bring new employment opportunities to hundreds of families," says Gov. John Engler.

Gentex had weighed whether to expand in the Zeeland area or in a Georgia location closer to many of the company's southern customers. The state awarded Gentex a Single Business Tax credit worth up to $9.2 million over a 20-year period and Economic Development Job Training grants worth up to $625,000 to encourage the company's decision to grow in Michigan.

The state will also provide the local community with a Community Development Block Grant worth between $1.1 million and $1.3 million, depending on the final site location. The grant will be used for site preparation and/or other infrastructure improvements needed to support the new facility.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.