Cutting-Edge Michigan Born Graphene Manufacturer Opening New Facility in Vevay Township
XG Sciences to bring 76 New Jobs to State
LANSING, Mich. – Vevay Township Officials, the Michigan Economic Development Corporation (MEDC) and the Lansing Economic Area Partnership (LEAP) announced the expansion of XG Sciences, Inc., (XGS), a market leader in the design and manufacture of nanomaterials, in Vevay Township this morning. Incorporated in 2006, XGS was formed for the purpose of commercializing technology to produce graphene nanoplatelets used for energy storage, aerospace, automotive, industrial, and consumer markets.
“XG Sciences will be a great addition to our industrial park and we’re looking forward to the new opportunities this expansion will bring to the people of Vevay Township and the Mason area,” said Jesse Ramey, Vevay Township Supervisor. “New jobs support our existing residents and also invites new families and individuals to join the community. We are thrilled to be welcoming XGS to Vevay Township and are happy to be supporting XGS’ expansion with a PA198 tax abatement.”
XG will open a new 64,000 square-foot facility in Vevay Township (Ingham County) to house production in support of its ongoing product platforms and capacity requirements. With an up to $15.3 million investment, XGS will add the capital equipment and infrastructure needed to support existing and future customer demands. In addition, the expansion will create up to 40 new jobs in Vevay Township and up to 36 new additional Michigan based jobs to XGS operations.
“We are pleased to be able to work with Vevay Township on our expansion needs”, said Philip Rose, XG Sciences’ CEO. “This investment represents a significant achievement in the expansion of our Company and is a recognition by our customers and the market of the exciting opportunity represented through adoption of our graphene-based products.”
In conjunction with the project, XGS has been awarded a $520,000 Michigan Business Development Program performance-based grant by the Michigan Strategic Fund (MSF). XGS chose Michigan over a competing site in Ohio. In addition to MSF funds, Vevay Township has also offered support to the project in the form of property tax abatement resulting in new general fund revenue to Vevay Township and Michigan.
“We have worked closely with XG Sciences for over ten years, finding the right locations for growth and introducing them to the right incentives,” said Bob Trezise, President and CEO of LEAP. “XG Sciences, and our long term partnership and commitment to their growth, is a true testament to how our regional assets work together to support ongoing innovation.”
The first phase of XGS’ expansion project is expected to be completed later in 2018.
“We applaud XG Sciences’ commitment to the Lansing area and look forward to partnering with them in the years to come as they grow and create jobs here,” said Jeff Mason, CEO, Michigan Economic Development Corporation, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF. “The company’s investment demonstrates Michigan’s commitment to fostering an environment where innovative companies can grow and succeed.”
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About LEAP
The Lansing Economic Area Partnership (LEAP) is a coalition of area leaders partnering to build a stronger community for all—working every day to grow, retain and attract business.
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