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LANDSING, MI-The state has given out almost $5 million in tax-exempt bonds to three Michigan companies for expansion costs. A $2.75 million bond has been issued to finance the expansion of two companies in Macomb County: Acar Broach and Machine Co. of Warren and Admiral Broach Co. in Clinton Township.

Acar will use the money to acquire land and rehabilitate an existing 20,000-sf manufacturing facility along Groesbeck Highway.Admiral will acquire a building on Carlo Drive in Clinton. Both companies manufacture broach and cutting tools for the automotive and aerospace industries.

Black River Manufacturing will use a $2 million bond to buy land and build a 32,000-sf addition to an existing facility in Port Huron. The land and building will be owned by Black River Investment Co. and leased to the manufacturing firm, which creates automotive parts.

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