Subsidy Tracker Individual Entry

Company: 
Anchor Coupling, Inc.
Parent Company: 
Caterpillar
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
Notes: 

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

Source Notes: 
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