Chris Holman welcomes Birgit Klohs, President & CEO,The Right Place, Grand Rapids, MI on this segment of Michigan Business Beat. Birgit talks about how retention is vital for every region and how the #1 problem for most businesses is talent shortage.
In addition, Birgit gives the latest on what's hppening with the right place. The Right Place attracts Chinese Foreign Direct Investment to region J-Star Motion Corp. adding 122 jobs; investing $4.9m in manufacturing facility. Collaboration with the Michigan Economic Development Corporation (MEDC), announce a local Foreign Direct Investment (FDI) by Chinese furniture component manufacturer Jiecang Linear Motion Technology Co., Ltd.
The company, operating in the United States as J-Star Motion Corporation, will establish a new manufacturing facility at an existing location in Cedar Springs, Michigan. The company intends to hire 122 employees and invest $4.9 million. The company recently opened office and warehouse facilities at 83 South Main Street, Kent City, MI 49330, and with a new available site, is adding manufacturing operations at 500 West Street, Cedar Springs, MI 49319.
The new facility will support its American business growth, which centers on making linear motion and lifting systems for the office furniture industry. The MEDC is supporting the expansion effort with the approval of a $738,000 Michigan Business Development Program performance-based grant.