AGS Automotive Invests $21 Million in Sterling Heights, MI Unit
The Michigan Economic Development Corporation today announced that the Michigan Strategic Fund has approved a $900,000 Michigan Business Development Program incentive for the expansion of AGS Automotive Sterling Heights operations, a project that will generate up to $21.2 million in new private investment and add up to 90 new jobs.
â€śAGS plays an important role in our automotive supply chain and its decision to expand here demonstrates that Michigan is a great place to do business,â€ť said MEDC President and CEO Michael A. Finney. â€śThis new investment shows Michiganâ€™s highly competitive business climate and world class workforce mean real opportunities for leading edge companies.â€ť
AGS Automotive, a manufacturer of automotive bumper system assemblies, has been awarded a $900,000 Michigan Business Development Program incentive to expand its Sterling Heights operations. AGS proposes to invest up to $21.2 million to secure and upgrade an existing vacant building in Sterling Heights, creating up to 90 new jobs as a result of the project. The City of Sterling Heights has offered support in the form of a tax abatement to the project.
â€śWhen AGS considered alternate sites for an expansion of its footprint, MEDC, through the Michigan Strategic Fund, demonstrated leadership through its continued commitment to the automotive industry, said AGS Co-President Joe Leon. â€śThis was very important to us.â€ťÂ
â€śMEDCâ€™s seamless approach to providing state, county and city support and its tremendous responsiveness in providing that support was a key element in AGS choosing Michigan as the place to undertake a major expansion,â€ť said fellow AGS Co-President Joe Loparco.