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Subsidy Tracker Individual Entry

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: (click here)
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.