The Michigan Economic Development Corporation announced on Wednesday that the Michigan Strategic Fund has approved the funding of three business expansions and three community developments in Michigan. Combined, the projects are expected to generate more than $13.6 million in investment and will create 335 jobs throughout the state.
Two of these companies — Great Expressions Dental Centers (GEDC) and Magna Seating of America, Inc— are right here in Metro Detroit, and we wanted to take a moment to introduce to them, and highlight the impact they will have on the region.
GEDC is a leader in preventative dental care, orthodontics and specialty care, and one of the largest privately owned dental service organizations in the United States. The investment will allow them to relocate their headquarters from Bloomfield Hills, MI to the city of Southfield, MI. In addition to the relocation, the project will generate a total investment of $2.55 million and create 84 jobs resulting in a $300,000 Michigan Business Development Program performance-based grant. If you’re interested in locking down on of these new positions for yourself, visit the company’s website.
Magna Seating of America Inc.—is a subsidiary of Magna International Inc.—a leading global automotive supplier with more than 139,000 employees focused on delivering superior value to customers through innovative products, processes and World Class Manufacturing. The company will add two new manufacturing production lines in the city of Highland Park, generating nearly $6 million in total capital investment and 148 jobs, which will result in a $740,000 Michigan Business Development Program performance-based grant. If interested in exploring some of these job opportunities with Magna Seating, visit their website.