19 Dec Leading Medical Device and Aerospace Manufacturer Growing In Lansing
$14.5 Million Investment from Tecomet Will Bring New Jobs to Lansing
LANSING, Mich. – The city of Lansing and the Lansing Economic Area Partnership (LEAP) announced the expansion of Tecomet, an international leader in high-precision manufacturing, earlier today at Tecomet’s Lansing facility. Founded in 1963, Tecomet is a leading provider of manufacturing solutions for complex, high-precision products and services for the medical device and aerospace and defense markets. Currently, the company employs 400 people at its Lansing location and approximately 2,000 worldwide.
“Tecomet is well positioned for continued growth in the Medical Device and Aerospace & Defense (A&D) markets,” said John Helmuth, General Manager of Tecomet Lansing. “We are excited for the opportunity to partner with the Michigan Economic Development Corporation, LEAP, and the city of Lansing to create quality manufacturing jobs in the Lansing area.”
In conjunction with the project, Tecomet has been awarded a $640,000 Michigan Business Development Program performance-based grant by the Michigan Strategic Fund (MSF). Tecomet chose Michigan over competing sites in Indiana, New York, Massachusetts, and the U.K. The company will also be applying for a tax abatement from the city of Lansing for building improvements.
“Over the past 20 years, Lansing has strongly supported the expansion of Tecomet and its predecessors in the city, and we’re happy to be continuing to do that today,” said Lansing Mayor Virg Bernero. “With this project, we keep an international manufacturing leader in Lansing, along with new and existing high paying quality jobs. This represents a big win for the city, and for the Lansing region as a whole.”
With the $14.5 million investment, Tecomet intends to create a precision machining center of excellence. The project includes a 30,000 square foot expansion of Tecomet’s Enterprise Drive location to accommodate precision measuring devices and equipment for manufacturing products that directly affect public health and safety; and to support the continued innovation that makes Tecomet an industry leader. In addition, the expansion will result in the creation of 160 new jobs.
“The need for medical device and aerospace manufacturing is growing fast in the Lansing area,” said Bob Trezise, President and CEO of LEAP. “LEAP is happy to be working with Tecomet to help bring good jobs and new innovation within this burgeoning area of manufacturing. As usual, we want to thank the MEDC for their critical partnership in making this happen.”
The Tecomet expansion project will require approval by the Lansing City Council and the State Tax Commission, and will appear on the Council’s agenda in January 2018. If approved, the project is expected to be completed in December 2018.
“Michigan’s leadership in making things and making things work shines through in Tecomet’s new expansion of our medical and aerospace sectors. The decision by Tecomet to expand in Lansing demonstrates Michigan’s business-friendly environment and highly-skilled workforce,” said Jeff Mason, CEO of MEDC, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.
“It is thanks to many public and private partners that this project is taking place, and we are pleased to support that collaboration,” he said.