JAMESTOWN TOWNSHIP, MI-Royal Plastics has chosen to expand its manufacturing operations here instead of a competing site in Tennessee. The company plans to invest approximately $35 million in new equipment and new facilities over the next five years.

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.


NOT FOR REPRINT

© 2023 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.

 

GlobeSt. NET LEASE Fall 2023Event

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

Get More Information
 

GlobeSt

Join 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
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.