New Manufacturing Facility to Go Up in Macomb Township

DETROIT- Michigan Economic Development Corp. to assist engineering firm with $3.4 million loan for land and construction.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sterling Die and Engineering Inc. is building a 50,000 s.f. manufacturing facility in Macomb Township, using a $3.4 million tax-exempt bond. The bonds will be issued to finance the acquisition of land, construction of the facility and the purchase of machinery and equipment.

The land and facility portion of the project will be owned by Chester Wisniewski and leased to the company, which makes metal stamping products for the automotive industry.

Sterling will issue Industrial Development Revenue Bonds, which are issued to finance projects for manufacturers, solid waste/cogeneration companies and certain non-profit corporations. The interest paid to the bond buyer is exempt from federal,state and local taxes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

Dig Deeper

Recommended Stories

NMHC Joins Voices Opposing PRO Act Labor Bill in Congress

Erik Sherman | July 26, 2021

CRE gets concerned over side effects of union-driven legislation.

Canyon Partners & American Capital Plan Second Seattle OZ Build

Kelsi Maree Borland | July 22, 2021

The firms announced plans to develop Kinect @ Burien, a 230-unit apartment building, which will cost approximately $75 million.

Nominate Now for Influencers in Senior Housing

Ingrid Tunberg | July 26, 2021

Do you know a professional and/or company that has helped shape the senior housing sector? Submit a candidate for GlobeSt. Real Estate Forum’s next Influencer series before the deadline on August 11.

Resource Center

Is your office ready for employees to return? Download this report to learn the top concerns employees have in returning to the office, and protocols you can put in place to make them feel safe.

Report

Sponsored by Brivo

Home Unbound: Transitioning Back to the Office After COVID

Is your office ready for employees to return? Download this report to learn the top concerns employees have in returning to the office, and protocols you can put in place to make them feel safe.

Browse More Resources ›

This multi-perspective research process discovered several disparities between what landlords offer in the flex space market and what tenants expect. Download now for key insights and what landlords could gain by meeting expectations.

Report

Sponsored by essensys

Why Landlords Must Adopt and Refine Flex Strategies to Survive a Rapidly Changing Real Estate Market

This multi-perspective research process discovered several disparities between what landlords offer in the flex space market and what tenants expect. Download now for key insights and what landlords could gain by meeting expectations.

Browse More Resources ›

Stay a step ahead of the market by learning how to standardize, centralize and connect to your data to mitigate risk and enhance value with Enterprise Information Management (EIM).

White Paper

Sponsored by RealPage Inc.

Take Control of Your Data to Deliver More Value

Stay a step ahead of the market by learning how to standardize, centralize and connect to your data to mitigate risk and enhance value with Enterprise Information Management (EIM).

Browse More Resources ›

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.