Conti Corporation, an industrial and commercial contractor-trade holding company, announced plans to open a manufacturing facility in Bay City, Michigan, an expansion that is expected to create 50 new jobs, MLive reported.
The investment is worth almost $2.4 million and will allow the company to expand pipe-fitting fabrication and manufacturing operations.
According to Crain's Detroit Business, part of this funding comes from the Michigan Business Development Corp., which gave Conti a performance grant of $200,000. Conti may also be eligible for a 12-year property tax abatement totaling $180,000.
The source added that the manufacturing company considered sites in Texas, Ohio and Kentucky before choosing Bay City.
Bay Future, Inc. President and CEO Trevor Keyes said the added jobs are "skilled" and "good-paying," MLive reported.
"We've been working with the company for about a year and they're excited to expand operations up here," Keyes said, according to the source. "I think it's in large part due to the qualified workforce we have and the business-friendly community we have here."
Keyes noted that the average pay for the new positions will likely be more than the projected average hourly rate of $19.25.