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Prime Source Polymers will spend $4.4 million to buy land, renovate an88,000 s.f. existing facility and acquire and install machinery equipment atits plant in Warren, MI.

The company makes compounded thermoplastic resins.The Michigan Economic Development Corp., which assisted in getting the moneyas a tax-exempt bond, said the project will create 18 new jobs for thecompany.

The bond is an industrial Development Revenue Bond, used in many cases forfinancing manufacturing facilities to protect the recipient from payingtaxes on the interest.

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