Press Release Provided by The Right Place
GRAND RAPIDS, MICH (Oct. 3, 2018): Today The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation and local partners, announced two West Michigan economic development projects that will bring 58 new jobs and $6.6 million in capital investment to the cities of Greenville and Kentwood, Michigan.
Arcanum Alloys to relocate in Kentwood, MI and create 25 high-tech jobs
The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC) and the City of Kentwood, announced that Arcanum Alloys will be relocating from Silicon Valley to the City of Kentwood. This will result in the creation of 25 new high-tech jobs and a capital investment of $693,000.
Arcanum Alloys’ patented technology generates revolutionary function and value by utilizing the most common metallurgical elements to create alloys whose properties at the surface and bulk are spatially segregated. The company produces 20-ton coils for some of the world’s most well-known manufacturing companies.
Arcanum Alloys chose West Michigan over other competing locations to be closer to its production partner, suppliers and manufacturing customers. This location will function as both a new headquarters and R&D center. The company will be locating at 4460 44th St. SE, Kentwood, MI 49512.
“Arcanum Alloys is looking forward to starting the next chapter of its growth story in the City of Kentwood,” said Dan Bullard, CEO of Arcanum Alloys. “We’re grateful for the support provided by The Right Place and their partners at the MEDC and City of Kentwood as we moved through this decision process.”
The Right Place worked in collaboration with the company and MEDC to ensure Arcanum Alloys chose West Michigan. The Right Place also connected the company to workforce development resources at West Michigan Works! to assist with workforce recruitment and training.
The MEDC is supporting the relocation with the approval of a $162,500 Michigan Business Development Program performance-based grant.
“Arcanum Alloys’ decision to move their headquarters from Silicon Valley to West Michigan reflects the strength of our region’s high-tech talent pool and manufacturing supply chain,” said Eric Icard, Senior business development manager, The Right Place, Inc. “Our region’s talented workforce combined with its strong advanced manufacturing base have made it a destination for innovative companies like Arcanum Alloys.”
The City of Kentwood is supportive of Arcanum Alloys’ plans to locate in the city.
“We are delighted Arcanum Alloys has chosen the City of Kentwood for their new headquarters,” said Mayor Stephen Kepley, City of Kentwood. “We look forward to working with them as they grow and create high-tech jobs in our community.”
West Michigan Compounding
West Michigan Compounding, LLC to invest $6 million and create 33 new jobs
The Right Place, Inc. and Montcalm Economic Alliance (MEA), in collaboration with the Michigan Economic Development Corporation (MEDC) and the City of Greenville, announced that West Michigan Compounding, LLC (WMC) will expand its plastics manufacturing operations at 1300 Moore St, Greenville, MI 48838. The company is expected to invest $6 million and create at least 33 full-time jobs.
WMC uses a reclamation process and state-of-the-art extrusion equipment to compound and recycle over 100 million pounds of plastic every year. The company was founded in 2005 and primarily serves the automotive industry. WMC has grown significantly over the past three years and now employs over 70 people in the area.
As part of this expansion, WMC will be adding over 41,000 square feet to its production floor, along with 3,600 square feet to the front office. This expansion will allow for additional capacity to meet the increased demand WMC has experienced recently.
“Our company continues to see impressive growth, and we are excited for what this expansion will mean for WMC’s future,” said Ashley Everin, vice president, West Michigan Compounding. “Throughout this process, the Montcalm Economic Alliance and MEDC have been valuable partners as we move into this new phase of growth.”
The MEDC is supporting this growth with the approval of a $150,000 Michigan Business Development Program performance-based grant. The Right Place and the Montcalm Economic Alliance worked in collaboration with the MEDC to ensure WMC continued to grow locally versus out-of-state possibilities.
“WMC has found its niche in the City of Greenville,” said Kathy Jo VanderLaan, business development coordinator – Montcalm County, The Right Place, Inc. “In 2015 they extended their recycling efforts by purchasing the 400,000 square foot former Electrolux warehouse, and turning it into a growing plastic reclamation operation. We were delighted to partner with the MEDC to retain this innovative company as they continue to grow in Montcalm County.”
The City of Greenville is supportive of WMC’s growth and will consider a P.A. 198 tax abatement in support of the expansion.
“We are excited WMC has chosen to expand in the City of Greenville,” said George Bosanic, City Manager, City of Greenville. “WMC has been an excellent business partner within our community, and we look forward to their continued success.”
About The Right Place, Inc.
The Right Place, Inc., is a regional nonprofit economic development organization founded in 1985 and supported through investments from the private and public sector. Its mission is to promote economic growth in the areas of quality employment, productivity and technology in West Michigan by developing jobs through leading business retention, expansion and attraction efforts. For more information, visit: www.rightplace.org.
About Arcanum Alloys
Arcanum Alloys’ patented technology utilizes the most common metallurgical elements to create alloys whose properties at the surface and bulk are spatially segregated. Since the introduction of Bessemer’s process 160 years ago, the steel industry has seen only evolutionary innovation, driven largely by volume and margin optimization, but rarely functionality. By utilizing existing steel manufacturing methods, the company, founded in 2011, has scaled from square inch panels in its lab up to production of 20-ton coils for some of the world’s most well-known manufacturing companies.
About West Michigan Compounding, LLC
Founded in 2005, West Michigan Compounding (WMC LLC) is focused on supplying products and services to help customers achieve significant plastic raw material cost savings. Its goal is to provide customers with alternatives to their costly virgin resins by delivering materials that have similar physical properties and consistency. With two operational facilities in Greenville, Michigan, its capabilities extend from compounding to plastic reclamation.