Michigan - Industrial Property Tax Abatement

Company:

Anchor Coupling, Inc.

Parent Company:

Caterpillar Inc.

Subsidy Source:

state

Location:

Michigan

City:

Menominee

Address:

5520 13th Street Menominee

Zip:

49858

Project Description:

Michigan Business Development Program - Anchor Coupling, Inc., established in 1938 in the Chicago area, moved its corporate offices to Menominee in 1978 and has been a wholly owned subsidiary of Caterpillar Inc. since 1993. The company is a manufacturer of high and medium pressure hydraulic hose and coupling assemblies for large and small original equipment manufacturers including Caterpillar. The company plans to purchase a building adjacent to its existing facility in the City of Menominee, investing more than $9 million and adding up to 120 new jobs. Earlier today at a celebration at Anchor Coupling???s Menominee facility, Gov. Rick Snyder announced that the Michigan Strategic Fund has awarded the company a $1 million Michigan Business Development Program performance-based grant. Michigan was chosen for the expansion over other sites in the U.S. and Mexico. Individuals interested in career opportunities with Anchor Coupling should visit

Year:

2014

Major Industry of Parent:

heavy equipment

Specific Industry of Parent:

construction equipment

Subsidy Value:

$874,000

Program Name:

Industrial Property Tax Abatement

Awarding Agency:

Michigan Economic Development Corporation

Type of Subsidy:

property tax abatement

Number of Jobs or Training Slots:

110

Source of Data:

http://www.michiganbusiness.org/projects/#projects-map

Notes:

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes:

If an online information source is not working, check the Tracker inventory page for an updated link.

Michigan - Industrial Property Tax Abatement - Anchor Coupling, Inc.

Subsidy Tracker Individual Entry