The operation, expected to support 40,000 vehicles annually by 2027, will create 175 jobs, paying an average wage of $1,710 per week plus benefits, according to the memo.
The project is being supported by a $5 million performance-based grant from the MEDC and a 15-year 100 percent SESA Exemption valued at $2.4 million.
The Michigan Strategic Fund board on Tuesday approved the incentives, which will help offset “the cost disadvantage of locating the project in Michigan” compared to competing sites including Ohio, Indiana and Canada. The grant will address costs associated with acquiring the land in Genesee County and establishing a power supply.
“This project aligns with the MEDC’s strategic focus area of supporting a business in the target industry of mobility and automotive manufacturing and builds on the state’s work to position itself as the global leader in the future of mobility,” the briefing memo said.
Plastic Omnium, based in Levallois, France, ranks No. 30 on the Automotive News list of the top 100 global suppliers with worldwide sales to automakers of $9.7 billion in 2022.
