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Three business expansions around state to generate $10.4 million in private investment, create 117 jobs

LANSING — Three business projects expected to generate a total investment of $10.4 million and create 117 jobs around Michigan have received support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today.

“The decision by these companies to expand in Michigan means good jobs for our residents and demonstrates the strength of our state’s talented workforce,” said Jeff Mason, CEO of MEDC, the state’s chief marketing and business attraction agency, responsible for enabling long-term economic opportunity for all Michiganders.

“We are pleased to work with these companies and our local partners to support these investments in Michigan,” Mason said.

Great Lakes Sound & Vibration, Inc., established in 1996, is a multi-functional engineering company that provides acoustic, shock and vibration solutions for the defense, marine, automotive, and off-highway and recreational markets. The company is experiencing significant growth through new contracts and needs to increase manufacturing capacity and space for added design and engineering. GLSV plans to purchase and rehab the former Goodwill Training Center located at the Houghton County Airpark in Franklin Township. The project is expected to generate a total private investment of $1.475 million and create 20 jobs, resulting in a $144,000 Michigan Micro Business Development Program performance-based grant.

“The management and employees of Great Lakes Sound & Vibration Inc. are delighted to be expanding in the Copper Country. We are appreciative of the commitment and partnership of our defense customers and the warfighters they serve, which has provided the opportunity for this expansion,” said GLSV President Steve Mattson. “We are also grateful that the great State of Michigan, the MEDC, KEDA, and Franklin Township believe strongly enough in our company to make an investment that simplified our decision to continue to provide complete, customer specific, design and build solutions for noise, vibration, and shock problems from our preferred home in the Keweenaw.”

Michigan was chosen for the project over a competing site in Wisconsin. The township of Franklin has offered a property tax abatement in support of the project. Individuals interested in careers with GLSV should visit https://www.glsv.com/careers/.

“Franklin Township is pleased to be a partner with the MEDC in support of the expansion of Great Lakes Sound & Vibration to the Houghton County Airpark,” said Franklin Township Supervisor Mary Sears. “We are excited to be able to assist with the growth of this unique company that embodies the engineering and manufacturing talent and entrepreneurial spirit found here in the Keweenaw.”

The GLSV expansion project was supported through the Micro MBDP tool, adopted by the Michigan Strategic Fund earlier this year. The Micro MBDP is designed to promote business growth especially in rural areas or areas with high unemployment as well as target industries. The Micro MBDP provides grants, loans, or other economic assistance to businesses for highly competitive projects in Michigan that have fewer job creation numbers than required by the original MBDP guidelines.

“Keeping Michigan companies growing in Michigan is a team effort,” said Jeff Ratcliffe, executive director of the Keweenaw Economic Development Alliance. “Thanks to a great partnership with the MEDC and Franklin Township, we have been able to support the continued growth of a talent driven engineering and manufacturing company here in the Keweenaw Peninsula.”

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