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Local business receives $850K from state for expansion

Alex Doty • May 31, 2018 at 8:00 AM

SPRING LAKE TWP. — A local metal finishing company is one of three businesses statewide receiving support from the Michigan Strategic Fund for expansion purposes.

The Michigan Economic Development Corp. announced Wednesday that Almond Products Inc. of Spring Lake Township will receive a Michigan Business Development Program performance-based grant of $850,000.

Almond Products serves automotive, military and office furniture customers. It also has manufacturing operations in Silao, Mexico, and specializes in pretreatment and stand-alone coatings, as well as specialized assembly and masking capabilities.

The company is experiencing significant growth and needs to expand its facility, according to the MEDC. It’s expected that the expansion project will generate a total capital investment of $5.3 million and create 72 jobs. Michigan was chosen for the expansion over the site in Mexico.

The company will contribute the $850,000 in MSF funds to upgrade the capacity of the Grand Haven/Spring Lake Sewer Authority, which currently does not have the capacity for growth.

“The Township of Spring Lake and the MEDC have been extremely supportive and provided resources to aid in expansion in the state of Michigan,” Almond Products President/COO Joy Ponce said.

The township will offer a 50 percent property tax abatement in support of the project.

“Thanks to Joy Ponce, Almond Products, the MEDC and all of our project partners who have worked hard to bring this production line to Michigan,” Spring Lake Township Supervisor John Nash said. “We are pleased that they chose Spring Lake Township.”

Other projects funded by the Michigan Strategic Fund (MSF) are in Ionia and Oak Park. The projects are expected to generate $13.6 million in total private investment and create 243 jobs.

“The projects approved by MSF today underscore Michigan’s business-friendly environment and the strength of the state’s manufacturing talent,” said Jeff Mason, CEO of the Michigan Economic Development Corp., the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the fund. “We’re pleased to work with our local partners and support these investments, which will mean more jobs and greater economic opportunities for Michigan residents.”

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