The expansion will result in the creation of up to 1,256 new jobs for Michigan workers.
"We are excited that the state of Michigan and Jamestown Township have provided incentives that will allow our continued growth in WestMichigan," says Royal president Jim Vander Kolk. "The new facility and equipment will be key in supporting Royal Plastics' growth over the next five years, helping our customers meet their objectives, benefiting the local community and providing new jobs for West Michigan."
The project will provide an estimated $70.8 million in revenue to the state over the life of Single Business Tax credit, resulting in a net gain for the state of more than $57 million. The project is expected to generate more than $886 million in personal income during that time.
"I am delighted with Royal Plastics' continued commitment to the state of > Michigan and to the Ottawa County area in particular," says Kenneth Rizzio, executive director of the Ottawa County Economic Development Corp. "With these new jobs, Royal Plastics will become the largest plastics manufacturer and the seventh largest manufacturer of any kind in Ottawa County."
The company manufactures plastic injection molded products for a variety of industries including automotive and furniture. The firm is a privately held Michigan corporation organized in 1987.
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